What Caddis does

Caddis is a national real estate development, management, and investment firm focused exclusively on the healthcare sector. Founded in 2008 and headquartered in Dallas, the firm operates with 51-100 employees and serves healthcare clients across the United States, combining three interrelated business lines — development, asset management, and direct investment — under a single platform.

The firm's core activities span the full healthcare real estate value chain, including ground-up development of medical facilities, ongoing property management for healthcare assets, and principal-level investment in healthcare-related real estate opportunities. The legal entity, Caddis Holdings, LP, is structured as a limited partnership, and its investment activities extend beyond operating real estate into financial securities, as evidenced by a minority equity stake held and subsequently divested in Fermi Inc. (FRMI).

Caddis generates revenue through traditional real estate economics — development fees, management fees, and investment returns on owned or co-invested healthcare properties. Specific pricing models, customer segment breakdowns, and revenue figures are not disclosed in the available data. The firm maintains a private ownership structure with no parent company, no public ticker, and no disclosed subsidiaries. Its two founders, Carl Soderstrom and Clay Heighten, continue to lead the organization as founding members.

Name

Caddis

Legal name

Caddis Holdings, LP

Website

https://caddis.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

Caddis is a national healthcare-focused real estate firm that develops, manages, and invests in medical properties across the United States. Founded in 2008 and based in Dallas, it serves healthcare clients with an integrated platform spanning development, asset management, and principal investment.

Ownership category

akta.pro rank

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Core offering

Caddis is a national real estate development, management, and investment firm operating within the healthcare sector. The firm develops, owns, and manages healthcare-related real estate assets and deploys capital into healthcare property investments. Its activities span acquisition, ground-up development, leasing, and ongoing property management for healthcare tenants and providers.

Differentiator

Problem solved

Functional benefit

Products and services

• Healthcare Real Estate Development Development of healthcare-related real estate assets for healthcare provider organizations and investors, including medical office buildings and related facilities.
• Healthcare Property Management Ongoing property management services for owned and client healthcare real estate assets, supporting healthcare tenants and operators across a national footprint.
• Healthcare Real Estate Investment Investment in and long-term ownership of healthcare real estate assets through Caddis Holdings, LP, including acquisition of properties and deployment of capital into healthcare-related securities and assets.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves2 records

Expansion highlights1 record

Direct peers

• Healthcare Realty Trust: Public REIT focused on outpatient medical facilities and healthcare-related real estate. Highly comparable to Caddis given the same healthcare real estate tenant base and similar MOB/outpatient focus, though at a much larger public-market scale.
• Medical Properties Trust: Public REIT focused on acute care and general acute-care hospitals. Directly comparable to Caddis in healthcare real estate investing, with overlapping development and landlord relationships with hospital operators.
• Welltower: Large public REIT focused on senior housing, outpatient medical, and post-acute care real estate. Comparable to Caddis in healthcare real estate investment and management across the continuum of care.
• Ventas: Public REIT with a healthcare-focused portfolio spanning senior housing, medical office, and life science. Comparable to Caddis across the healthcare real estate investment and management functions.
• NexCore Group: Private national healthcare real estate developer and investment manager. Closest direct private-market peer to Caddis given shared focus on healthcare development, ownership, and management of MOB and outpatient facilities.
• Hammes Partners: Private healthcare real estate developer and investment manager specializing in MOBs and ambulatory care facilities. Comparable to Caddis in integrated development and investment services for healthcare systems.
• Anchor Health Properties: Private real estate company focused exclusively on medical office and outpatient healthcare facilities. Comparable niche focus, tenant base, and integrated developer/investor model to Caddis.
• Pacific Medical Buildings: Private healthcare real estate firm that develops, owns, and manages medical office buildings and outpatient facilities. Closely aligned business model and customer profile to Caddis.

Broad incumbents

• JLL Healthcare: Major commercial real estate services firm with a dedicated healthcare practice offering leasing, property management, and capital markets services to health systems. Comparable customer base and broad real estate service overlap, though operating at much larger scale across multiple asset types.
• CBRE Healthcare: Healthcare-focused arm of a global commercial real estate services giant providing capital markets, leasing, and property management to healthcare clients. Overlaps with Caddis in healthcare tenant relationships and real estate services, though embedded within a much larger diversified platform.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat2 records

Key risks4 records

Key highlights4 records

Customer concentration

• Xx.com/CaddisPartners

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Caddis