BIRMINGHAM, Ala., (July 22, 2015) – The Sanders Trust (TST), one of the nation’s leading healthcare real estate investment companies, located in Birmingham, Ala., has acquired Tower Pointe Medical Center, an approximately 42,000-square-foot medical office building (MOB) in Greenwood, S.C., for $8.4 million.
A freestanding building, Tower Pointe is a mixed-used, multitenant outpatient facility that provides a number of services, including family practice, neurology, pediatrics, occupational medicine and diagnostic imaging, among others. The MOB is 100 percent leased, with the majority of space occupied by Self Regional Healthcare.
“Tower Pointe Medical Center offers an excellent opportunity to incorporate an already-strong facility into our porfolio,” said Steve Hewett, senior vice president of The Sanders Trust. “It is a patient-friendly building, convieniently located in Greenwood that provides a number of key services to the community.
The Tower Pointe MOB was originally developed in 2007 by physician partners of Piedmont Health Group, which is now a part of Self Medical Group, an affiliate of Self Regional Healthcare.
“This acquisition furthers TST’s investment strategy of adding $100 million to $200 million each year to our portfolio by acquiring and developing strategic healthcare properties nationwide,” added Hewett.
About the Sanders Trust
The Sanders Trust develops and acquires medical office buildings, inpatient rehabilitation hospitals and specialty hospitals nationwide. Headquartered in Birmingham, Ala., The Sanders Trust (www.sanderstrust.com) has been a recognized leader in the investment community for healthcare clients since its inception in 1989 and has developed or acquired more than 60 medical properties in 20 states.
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