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Anchor Health Properties Acquires 275,000 Square Feet of Medical Office Buildings

Anchor Health Properties (Anchor) has maintained an active status in healthcare real estate investment activity in 2018 with the recent acquisition of three Class A medical office buildings in Charlotte, North Carolina; Las Vegas, Nevada; and Boston, Massachusetts. The investments were made on behalf of one of Anchor’s existing institutional joint ventures and come on the heels of other 2018 transactions in the MSAs of Washington D.C., Denver, Philadelphia, New York and Charlotte. To date, Anchor has acquired over $250 million of new investments in 2018.

Anchor acquired a 47,000 square foot fully leased outpatient building in the Ballantyne submarket of Charlotte, leased primarily to Novant Health and Atrium Health, as well as regional medical specialists. Anchor also acquired a 48,000 square foot outpatient building adjacent to Dignity St. Rose Dominican - Siena Hospital in the Henderson submarket of Las Vegas, with anchor tenancy in the form of an ambulatory surgery center sponsored by Dignity and USPI. Finally, Anchor acquired an 180,000 square foot outpatient medical building adjacent to Lahey Medical Center in the Burlington suburb of Boston. Lahey Medical Center leases over half the building square footage, with key service lines including internal medicine, dermatology, surgery, international medicine, and laboratory services. The Charlotte and Las Vegas acquisitions represent growth in core Anchor investment markets, while the Burlington acquisition represents Anchor’s entry into the Boston medical real estate market. Additionally, Anchor is executing capital improvement plans at each location through the firm’s property management platform.

Anchor Health Properties Chief Executive Officer Ben Ochs said of the new investments, "these investments provided us with the opportunity to acquire best in class real estate in their respective submarkets. Additionally, these investments allow Anchor to expand our operating presence in the Charlotte and Las Vegas markets, and with the Boston acquisition, presented the opportunity to formally enter the Boston market and establish operations there in connection with our growth plans for the region."

Anchor Chief Investment Officer James Schmid noted, "each investment represents a best in class, health system sponsored medical building which forms the core of our investment thesis. Anchor leaned heavily on existing relationships in each market to procure the investment opportunities. The momentum from our investment business line continues to drive opportunities across the US, leading to platform growth in strategic markets where we have established a meaningful presence."

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Mailing Address:

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977 Seminole Trail
Charlottesville, VA 22901

contact@anchorhealthproperties.com

Charlottesville, VA

425 7th Street NE
Charlottesville, VA 22902
434.293.8004 (O) 434.293.6256 (F)

Wilmington, DE

1300 North Grant Ave, Ste 209
Wilmington, DE 19806
302.655.1010 (O) 434.293.6256 (F)

Knoxville, TN

800 South Gay St, Ste 700
Knoxville, TN 37929
865.850.1277 (O) 434.293.6256 (F)

Nashville, TN

330 Mallory Station Road, Ste D-11
Franklin, TN 37067
931.490.4625 (O) 434.293.6256 (F)

Washington, DC

10125 Colesville Rd, Ste 346
Silver Spring, MD 20901
202.309.8247 (O) 434.293.6256 (F)

San Diego, CA

4510 Executive Drive, Suite P10
San Diego, CA 92121
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