News


For media inquiries, please contact Rachael Osberger, Marketing and Communications Manager: rosberger@anchorhealthproperties.com or 302.655.1010.

Back to News

Anchor Health Properties Acquires Three Class A Medical Office Buildings with Morgan Stanley

Anchor Health Properties has formed a joint venture with a Morgan Stanley Real Estate Investing advised fund for the purpose of acquiring three medical office buildings on the East Coast during the first quarter of 2018. The joint venture is complementary to investments made through Anchor’s existing flagship acquisitions joint venture with the Carlyle Group, as well as its discretionary commingled and comanaged fund Chestnut Healthcare Partners. 

Anchor Health Properties Chief Executive Officer Ben Ochs said of the new joint venture investments, “establishing this joint venture has allowed us to acquire three best-in-class investments in two of the highest profile US markets, with a very long-term investment mindset. The joint venture investments are a good complement to our existing successful investment programs, which also continue to grow rapidly and perform well with our existing investment partners. We are fortunate to be able to work with some of the strongest and most well-respected equity capital partners in the world and hope to grow all of our investment relationships in the future.”

The joint venture closed on two Class A medical office buildings that reside on the campus of Doylestown Hospital in suburban Philadelphia totaling nearly 150,000 square feet. Doylestown Hospital leases the majority of the space on long term leases. The joint venture also closed on an approximately 100,000 square foot Class A campus adjacent medical office building in Matthews, North Carolina, which sits next to Novant Health’s Matthews Hospital campus. The fully leased Adbel Plaza building is primarily leased to Novant Health, with some additional space leased to Atrium Health. 

Anchor Chief Investment Officer James Schmid noted, “the acquisition closing of the three joint venture assets represents the acquisition of best-in-class real estate in two highly desirable primary markets where Anchor has a strong existing presence. The core profile and health system anchor tenancy of each investment helps drive long term occupancy and stability of cashflow. We are excited to continue to expand our relationships with Doylestown Hospital and Novant Health, and our footprint in the Philadelphia and Charlotte medical real estate markets.”

Contact


Thank you for your interest in Anchor Health Properties. If you have any questions or would like to speak with a member of our team, please contact one of our offices to discuss your healthcare real estate needs.

We look forward to hearing from you.


Mailing Address:

PMB 344
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
858.880.4699 (O) 434.293.6256 (F)