Chestnut Funds, Anchor Health Properties Launch Second MOB Acquisition Fund and Announce Initial Acquired Seed Investment
Chestnut Funds (Chestnut) and Anchor Health Properties (Anchor) have launched a $100 million real estate private equity investment fund, Chestnut Healthcare Fund II, focused on the acquisition of core and core-plus medical office buildings and other related healthcare real estate assets in the US over the next 48 months. The fund follows on the heels of the partnership’s initial fund, Chestnut Healthcare Fund I, which is concluding its investment activity in early 2021. Chestnut Healthcare Fund I successfully raised approximately $50,000,000 in total committed equity which was invested over a four year period in 52 distinct direct or joint venture medical office acquisitions. The fund will be co-managed by Chattanooga-based Chestnut Funds and Anchor Health Properties, a full service healthcare real estate company focused on development, asset and property management, leasing, and acquisitions / investment management of exclusively medical facilities featuring multiple offices nationwide.