Anchor Health Capital
Founded in 2012 as Chestnut Funds, Anchor Health Capital is the investment management subsidiary of Anchor Health Properties, focused exclusively on healthcare real estate. The platform invests through commingled funds, direct investments, and co-investment opportunities, including its upcoming Anchor Net Lease Healthcare Properties Fund.
A Shared History
Anchor Health Capital was established following Anchor Health Properties’ strategic investment in Chestnut Funds, building on a longstanding history of collaboration between the two firms. Prior to the integration, Anchor and Chestnut co-managed two healthcare real estate funds formed in 2017 and 2020, utilizing shared investment committees, aligned underwriting standards, and coordinated asset management across a diversified portfolio of healthcare real estate assets.
Vertically-Integrated Healthcare Real Estate Platform
Today, the integration of Anchor Health Capital with Anchor Health Properties creates a vertically aligned healthcare real estate platform that brings together institutional investment management with in-house development, acquisition, and operational expertise. This alignment is designed to support a more streamlined approach to sourcing, underwriting, analysis, and project execution while reducing certain inefficiencies that can exist in traditional sponsor-operator structures, such as duplicative fees or multiple promote layers.
Anchor Health Capital’s investment approach is centered on identifying healthcare real estate opportunities supported by durable demand, strong operator alignment, and the continued shift toward outpatient, post-acute, and specialized care delivery. Through strategies such as the upcoming Anchor Net Lease Healthcare Properties Fund, the firm seeks to pursue income-oriented specialty healthcare assets with a focus on disciplined growth, capital preservation objectives, and long-term alignment across market cycles.
Connect with David Jonas to learn more about investing with Anchor Health Capital.
Director, Capital Formation
Anchor Health Capital
Anchor Health Capital is an investment advisor firm with its principal place of business located in Chattanooga, Tennessee. We do not currently have individual, natural-person clients or institutional, company-clients. We serve as the investment adviser to affiliated real estate Private Funds and have no other clients. All management and investment decisions regarding our Private Funds is based on the individual fund objectives, strategies and policies. We are responsible for all major investment decisions including, without limitation, amending or changing an individual real estate Private Fund’s investment objective; determining investment strategies; and establishing and implementing investment policies or limitations.
Past performance is not indicative of future results. Therefore, no current or prospective investor should assume that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended or undertaken by Anchor Health Capital) made reference to directly or indirectly by Anchor Health Capital will be profitable or equal the corresponding indicated performance level(s).
Investing in securities involves risk of loss. Further, depending on the different types of investments there may be varying degrees of risk. Private Funds managed by Anchor Health Capital and their Investors should be prepared to bear investment loss, including loss of original investment. Because of the inherent risk of loss associated with investing in any type of securities, Anchor Health Capital is unable to represent, guarantee, or even imply that its services and methods of analysis can or will predict future results, successfully identify market tops or bottoms, or insulate you from losses due to market corrections or declines.
Private Funds under our management and the real estate properties we hold within those Private Funds involve a high degree of risk, and investors must have sufficient economic resources to bear the economic risk of the complete loss of their investments. In addition, we do not guarantee due diligence efforts will reveal all critical risks associated with private securities and real estate properties. We do not undertake responsibility for or work with investors regarding allocation of their assets between real estate investments and other, more traditional securities. Nearly all investments held by our Private Funds and indirectly by investors will be illiquid, and Private Funds and investors must be prepared to hold these investments indefinitely. Illiquid means that the investments can be difficult to sell and a Fund's ability to dispose of such investments in a timely manner and at an advantageous price may be limited.
Anchor Health Capital's full Privacy Policy is available here.