Anchor Health Properties and an affiliate of Morgan Stanley Real Estate have acquired a 96,000 square foot medical office building located in Athens, GA. The facility, the Oconee Health Campus, is anchored by Piedmont Healthcare and functions as a regional outpatient hub for Piedmont’s operations within the Athens market, a growth node within the Atlanta metropolitan area as well as a growing university hub. The Oconee Health Campus provides a range of primary care and specialty services for Piedmont Healthcare, including women's services, pediatrics, imaging, and diagnostics. Anchor and an affiliate of Morgan Stanley Real Estate formed a joint venture earlier in 2018 for the purpose of investing in best-in-class, hospital anchored medical office buildings.
Anchor Health Properties’ Chief Executive Officer, Ben Ochs, said of the investment, “The acquisition of the Oconee Health Campus brings Anchor’s ownership and operations to the Atlanta metropolitan area and broader Georgia markets for the first time. We are excited to grow our investment management portfolio and launch a presence in a new market that we hope to expand throughout over time.”
Anchor Health Properties’ Chief Investment Officer, James Schmid, noted, “The investment represents an example of Anchor’s ability to leverage relationships to source core off-market medical office investments. The project is less than one year old and represents best-in-class construction, location, and tenancy. Piedmont Healthcare is one of the strongest and most recognized health systems in the Southeastern US. We are excited to build a relationship with the Piedmont team and hopefully expand our presence on the Oconee Health Campus over time.”