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Anchor Health Properties Closes on Strategic CON & HOPD Designated MOB in Georgia

Anchor Health Properties has recently closed on a 27,000 square foot Class A medical office building in Newnan, Georgia. Acquired through a joint venture with an existing institutional equity partner, the facility, located at 20 Francis Way, offers services that are governed by the State of Georgia’s Certificate of Need (CON) and hospital billing (HOPD) rates.

100% occupied by Piedmont Healthcare, one of the largest and most reputable systems in the state with over 100 locations, including nearly a dozen hospitals, the building was purpose-built for Piedmont-affiliated physicians in 2008. The outpatient MOB offers a variety of synergistic services, including cardiology, physical therapy, physical rehabilitation, and features a CON for imaging services.

“We are excited about continuing to expand our company’s footprint in Georgia and growing our relationship with Piedmont Healthcare,” shared James Schmid, Chief Investment Officer and Managing Partner with Anchor. “The Newnan submarket of Atlanta is strong and dynamic, making it a key target area. We are pleased to support Piedmont’s operations and strategic growth initiatives in this critical outpatient destination serving the healthcare needs of the surrounding community.”

Ilya Hvostikov on the Anchor investments team led the underwriting and due diligence effort which spanned a good part of 2020.

Ackerman Medical provided sale advisory services and Capital One provided debt financing services. As one of the two largest investor landlords to Piedmont Health in the Greater Atlanta market and among the five largest owners of medical office real estate across the MSA, Anchor Health Properties will also provide asset and property management at this location. 

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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:

425 Seventh Street NE
Charlottesville, VA 22902

contact@anchorhealthproperties.com

Charlottesville, VA

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

Philadelphia, PA

216 South Orange Street
Media, PA 19063
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

278 Seaboard Lane, Suite 10
Franklin, TN 37067
931.490.4625 (O) 434.293.6256 (F)

Washington, DC

1607 22nd Street, NW, 3rd Floor
Washington, DC 20008
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)