Anchor Health Properties Executes on Significant Growth Plans in 2016
Since its merger with Brinkman Management & Development in November 2015, Anchor Health Properties has executed on a significant growth trajectory as it expands its footprint of development, acquisitions, property management, and leasing of healthcare facilities across a national footprint. With a current staff of 31 professionals across six offices, Anchor has quickly grown into a major national player in the healthcare real estate sector.
When Anchor Health Properties completed its merger, the firm’s real estate acquisition platform was in its infancy. The addition of James A. Schmid, III, formerly of CNL Healthcare Properties and HCP, as Chief Investment Officer in April, 2016, propelled Anchor to successfully launch its healthcare real estate efforts across the United States. Anchor’s capital for new investments and developments comes from both a significant programmatic joint venture with The Carlyle Group, a global alternative asset manager, and also from a recently launched discretionary healthcare acquisitions fund with Chestnut Healthcare Partners, LP, co-managed with Chestnut Real Estate. The fund will have its first closing this month and grow over time to approximately $50M of equity after its final closing next year.
“We are excited to partner with Ben and James and the entire Anchor Health team in the medical office sector. After the merger of Brinkman and Anchor and the addition of James, we see Anchor as a strong partner for Carlyle,” remarks Zachary Crowe, Principal of The Carlyle Group.
Since the beginning of the third quarter, Anchor Health Properties has closed over $130,000,000 in six new healthcare real estate investments across five states across the US.
“I am honored to have joined Anchor Health Properties as a principal” says James Schmid, Anchor Health Properties’ CIO. “The character, integrity, and commitment to service of the firm and its’ platforms are values that I hold dear. I am proud of the firm’s growth achievements this year across all of our business units and look forward to our team achieving many years of success together.”
Anchor’s recent acquisition progress complements the firm’s traditional focus on the development and management of healthcare real estate. Anchor manages approximately 2 million square feet of healthcare real estate and is overseeing the development of several hundred thousand square feet of new facilities, including, the recently opened 70,000 square-foot pediatric specialty care center in Deptford, New Jersey for Nemours duPont Pediatrics, which has been awarded the 2016 Healthcare Facilities’ Symposium Distinction Award for User-Centered Design. Anchor was also recognized this month by Healthcare Real Estate Insights (HREI) for a best-in-class development project in the Philadelphia metro area with Penn Medicine.
“Our investments platform is off to a tremendous start. We are very pleased with our investments, as well as their complementary effect on our development and property management platforms” says Ben Ochs, Anchor Health Properties’ CEO. “The depth and breadth of our team, experience and full-service offerings in healthcare real estate enable us to serve health systems and providers in a way that is unmatched in the industry.”
To facilitate this recent growth, a number of key employees have been added to Anchor Health Properties. Anchor Health Properties has five offices located in Wilmington, DE, Charlottesville, VA, Nashville and Knoxville, TN, and Washington, DC.
ADDITIONAL INFORMATION:
Recent Acquisitions:
· 292 Long Ridge Road (Stamford, CT): 46,000 SF Medical Office Building, anchored by Stamford Healthcare
· Doctors Professional Building (St. Paul, MN): 81,000 SF Medical Office Building, anchored by Allina Healthcare
· Brinton Lakes Medical Office Buildings (Philadelphia, PA): 126,000 SF Medical Office Buildings (2), anchored by Crozer Keystone/Prospect Health System
· Camelot Medical Office Building (Virginia Beach, VA): 40,000 SF Medical Office Building, anchored by Sentara Health System
· Coit Medical Office Building (Dallas, TX): 32,000 SF Medical Office Building, anchored by Baylor Health System/USPI
Additionally, Anchor Health Properties currently has over $125,000,000 of additional investments (over 300,000 square feet across seven properties) under contract or Letter of Intent across multiple US geographies from Boston to San Diego.
New Hires:
· James Schmid, III, Chief Investment Officer (DE)
· Erin Corbett, Transaction Manager (NC)
· Duke Newell, Senior Accountant (VA)
· Chris Osterlund, Property Manager (VA)
· Lindsay Kliefoth, Assistant Property Manager (DE)
About Anchor Health Properties
Anchor Health Properties is a national, full-service healthcare real estate development, management and acquisitions company focused exclusively on medical facilities. Anchor takes a strategic approach to navigating the extremely competitive healthcare marketplace, considering multiple angles, such as retail drivers, customer experience, branding and efficiency of the project. We develop and manage projects across the United States that respond to the new landscape of employed physicians, team-based care, the need to optimize assets and reduce duplication, and the integration of care and technology. Healthcare today calls not only for new and more efficient ways of delivering outpatient services, but also a different kind of healthcare development and management company. For more information, please visit: www.anchorhealthproperties.com.
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Lauren Speakman | Marketing
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