Anchor Health Properties Kicks Off Third Quarter With Four Non-Market Category A MOB Acquisitions Totaling Over $ 100 Million In The United States | state
MEDIA, Pennsylvania., July 19, 2021 / PRNewswire / – Anchor Health Properties (Anchor), a national full-service healthcare real estate development, management and investment company focused exclusively on healthcare facilities, has closed four Class A medical office buildings in High barrier to entry and strategic growth markets for the company across the United States in the first two weeks of July 2021. Totaling over 210,000 square feet and an aggregate value of over $ 100 million dollars, the assets were acquired through joint ventures with existing institutional partners in an off-market setting.
As one of the most buying investors in medical practice real estate in the United States in recent years by Revista, the industry’s leading medical real estate data platform, these four acquisitions are indicative of the strength of Anchor’s local relationships and its ability to find unique opportunities in a market given an increasingly competitive industry investment landscape. To date in 2021, Anchor has closed more than $ 330 million investments in American medical practices through twelve separate transactions, ten of which were off-market.
“We remain focused on building relationships with a quality long-term lease in Class A assets that provide convenient and accessible health services to the surrounding community,” noted Jacques Schmid, Director of Investments and Managing Partner at Anchor. “These acquisitions are indicative of the collaborative and ownership mindset embraced by the high-quality professionals of our platform – and the company as a whole. Our value-driven investing thesis helps us navigate the landscape of constantly evolving health and to successfully complete multiple transactions within a short period of time in the markets of the country. I consider our investment team to be best in class in terms of sourcing and execution, and The team’s ability to continuously seek out high quality off-market trades in high barrier-to-entry markets demonstrates this performance. “
University City Medical Office Building | 8401 Medical Plaza Drive, Charlotte, North Carolina
As one of the largest owners of non-health system medical practices in the Charlotte MSA and one of the two largest owners of Novant Health (Moody’s Aa3), this acquisition of a 66,525 square feet expands Anchor’s existing market portfolio with a strong presence of Novant, which serves as the primary tenant. The rest of the building is occupied by synergistic and high-acuity specialist services, including neurology and clinical research. The property includes over two acres of excess developable land, allowing for future expansion opportunities as the market continues to grow.
NorthBay Medical Office Building | 2470 Hilborn Road, Fairfield, california
Strategically located on a premier ambulatory medical campus close to NorthBay Medical Center, from Solano County the largest and most comprehensive hospital campus with 183 beds and the only formal trauma response center in the county and adjacent to a NorthBay primary care center as well as a Kaiser ambulatory campus, NorthBay Medical Office Building is a building of two story, newly constructed 29,620 square feet Class A medical building. Built in 2015, the facility includes sustainable elements including state-of-the-art energy management and solar panel system, as well as integrated covered parking. The well-recognized premier rental includes NorthBay Healthcare and Retinal Consultants Medical Group. This is Anchor’s second major acquisition in the San Francisco MSA in the past 60 days.
IDC Medical Center | 1412 SW 43rd Street, Renton, WA
As one of only two MOBs in the region to be built in the submarket in the past fifteen years, IDC Medical Plaza is a premier 59,155 square foot medical office building with a plethora of rentals. national and regional medical clinics. The asset is located near Valley Medical Center, the only acute care hospital in Renton, which is operated by UW Medicine and has 321 inpatient beds. Built in 2005, the asset is anchored by Providence Health (Moody’s Aa3) and an outpatient surgery center operated by Sight Partners. The additional top-up rental is focused on specialized care services, including pharmacy, oncology, cardiology, pharmacology and behavioral health.
Vista Medical Square | 2067 W Vista Way, Vista, California
As the largest owner of non-health system medical practices in the San Diego MSA, Anchor expanded its market with the acquisition of a 54,703 square foot, two-story Class A medical office building. . One of the primary third-party-owned assets in the market, Vista Medical Plaza is strategically located adjacent to Tri-City Medical Center, a 320-bed hospital district campus serving North San Diego County which is co-sponsored by UC San Diego Health. The first ambulatory health center in the Tri-City Medical District, the building’s synergistic mix of tenants includes groups such as United HealthCare (Moody’s A3), Rady Children’s (Moody’s Aa3), LabCorp (Moody’s Baa2), Greider Eye Associates and Blue Coast Cardiology.
In addition to joining Anchor’s investment portfolio, the company will in the future provide asset and property management services as well as rental services at these locations, thus boosting Anchor’s property management portfolio. to over 7.5 million square feet. Looking ahead, Anchor expects continued record growth in the second half of 2021 in its three service lines (development, management and leasing, and investments) as the company continues to expand in the United States.
About Anchor Integrity Properties
Anchor Health Properties is a national healthcare real estate development, management, rental and investment service serving investors and healthcare systems. Anchor takes a strategic approach to navigate the fiercely competitive healthcare market, considering multiple angles, such as retail drivers, customer experience, branding, and project effectiveness. We develop and manage projects through United States that respond to the new landscape of employed physicians, team-based care, the need to optimize assets and reduce duplication, and the integration of care and technology. Anchor manages and leases over seven million square feet of medical office space, including numerous projects under construction. Anchor has several offices nationwide and has over 80 professionals in its ranks. Over the past five years, Anchor Directors have acquired and / or developed more than $ 3 billion of medical real estate across the country. Healthcare today calls for not only new and more efficient ways of delivering outpatient services, but also a different kind of society in healthcare development and management. For more information, please visit: www.anchorhealthproperties.com.
Contact: Rachael Hall, Anchor Health Properties
SOURCE anchor health properties