Ballad Health Expands Partnership with RTG to Serve More Than 2.2-Million Square Feet
KNOXVILLE, TN, July 2026 — Realty Trust Group (RTG), a national healthcare real estate advisory and services firm, today announced the extension of its longstanding partnership with Ballad Health through an expanded property management engagement, adding more than 1.4 million square feet to RTG’s existing scope. With the expansion, RTG will manage more than 2.2 million square feet across 111 healthcare properties throughout Northeast Tennessee and Southwest Virginia.
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This expansion reflects the strength of our relationship with Ballad Health and the trust built since 1998. Healthcare organizations need more than traditional property management. They need a partner who understands how real estate supports patient care, operational performance, and long-term growth. We value the confidence Ballad Health has placed in our team and look forward to helping their facilities perform at the highest level.
Scott Davis
Vice President, Realty Trust Group
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At Ballad Health, our goal is to provide a safe, consistent, high-quality experience for our patients, visitors, and team members across every facility. Expanding our partnership with Realty Trust Group allows us to standardize property management practices across the communities we serve while strengthening operational consistency, improving visibility into our real estate assets, and enhancing oversight of our facilities. RTG has been our trusted partner since 1998. We have confidence in their expertise in the healthcare space and their commitment to helping us support the environment where our caregivers provide exceptional patient care every day.
Billy Teilhet
Vice President of Facilities & Construction, Ballad Health
RTG will provide comprehensive property management services for Ballad Health’s entire portfolio of medical office buildings, ambulatory surgery centers, imaging centers, corporate offices, and administrative facilities. The expanded structure supports Ballad Health’s commitment to a consistent, standardized property management platform that enhances operational performance across its healthcare real estate portfolio. The expansion builds upon a relationship dating to 1998 with Ballad Health and its predecessor organizations, during which RTG has provided a broad range of healthcare real estate services, including property management, lease administration, leasing, transactions, development, compliance, valuation, and executive advisory services.
Under the expanded engagement, RTG will also implement standardized processes designed to strengthen life safety and risk management and support the health system’s long-term growth objectives. The firm manages a portfolio exceeding 26 million square feet across more than 40 states and was ranked first in Revista’s 2026 Outpatient Real Estate Development Report.
Build a Stronger Healthcare Real Estate Operating Model
RTG helps healthcare organizations standardize operations, improve portfolio visibility, strengthen facility oversight, and align real estate performance with enterprise goals.
About Ballad Health
Ballad Health is an integrated community health improvement organization serving 29 counties of the Appalachian Highlands in Northeast Tennessee, Southwest Virginia, Northwest North Carolina and Southeast Kentucky. Its system of 20 hospitals, post-acute care and behavioral health services, and a large multi-specialty group physician practice works closely with an active independent medical community and community stakeholders to improve the health and well-being of close to one million people. By leading in the adoption of value-based payments, addressing health-related social needs, funding clinical and health systems research and committing to long-term investments in strong children and families in the region, Ballad Health is striving to become a national model for rural health and healthcare. Learn more at www.BalladHealth.org.
About Realty Trust Group
Realty Trust Group, LLC (RTG) is a national leader in providing comprehensive real estate solutions for the healthcare industry. Since 1998, RTG has worked alongside healthcare leaders to leverage real estate as a strategic asset, helping to save money, manage risks, create physician alignment, and increase market share. RTG leads with an advisory-first approach, delivering innovative strategies and operational best practices that help healthcare leaders optimize their real estate portfolios. Services span advisory, development, transactions, operations, and regulatory compliance, allowing RTG to tailor solutions for specific projects or provide long-term portfolio management. What sets RTG apart is its ability to combine objective advice with scalable implementation capabilities. RTG does not offer one-size-fits-all solutions. Instead, the firm provides customized, data-driven strategies that address the unique challenges and goals of each client. For more information about RTG, visit www.realtytrustgroup.com, Facebook, LinkedIn, and YouTube, or call 865.521.0630.