News Release: Anchor Health Properties Launches Western U.S. Operations Effort

NEWS PROVIDED BY Anchor Health Properties

Jul 26, 2017, 09:06 ET

Anchor Health Properties recently opened its first office in the Western U.S., in conjunction with the acquisition of an 82,000+ SF medical office building in San Diego, CA.

PHILADELPHIAJuly 26, 2017 /PRNewswire/ — Anchor Health Properties (“Anchor”), a full-service development, management, leasing, and investments platform focused on medical office projects across the United States, recently opened its first office in the Western U.S., effective July 10th.  In conjunction with this opening, Anchor has announced the acquisition of an 82,000+ SF medical office building in San Diego, CA adjacent to the campus of the Sharp Grossmont Hospital.  The investment, known as the Fletcher Medical Office Building, features anchor tenancy sponsored by Sharp Healthcare and United Healthcare Group.

 Anchor executive and industry veteran, Mervyn Alphonso, is leading the launch of Anchor’s operational efforts in San Diego and in the region, including hiring of new property staff, development of key tenancy relationships, and coordination of property capital project efforts.

“We are excited to announce the opening of our first West Coast office and that Anchor’s full-service platform now spans coast-to-coast,” said Ben Ochs, Chief Executive Officer of Anchor Health Properties.

Anchor anticipates pursuing additional acquisitions, development and management opportunities in the region over time by leveraging its existing healthcare development infrastructure as well as regional relationships.

“The Fletcher transaction, in combination with recent and planned acquisitions in Southern California and the Western U.S., has created momentum for further investment and expansion efforts in the region,” said James Schmid, Chief Investment Officer of Anchor Health Properties. “The acquisition allows Anchor to maximize platform value in bringing healthcare real estate expertise and operational understanding to enhance a core medical office building.  Fletcher has historically been well occupied, and Anchor has significant capital and leasing plans to enhance its image and function on the Sharp Grossmont hospital campus.  We continue to see meaningful investment and development opportunities across San DiegoSouthern California, and the Western US, and with a dedicated regional hub now in place, we expect our pipeline to accelerate in the coming months.”

Capital One provided debt financing for the Fletcher transaction.  HFF facilitated the sale on behalf of the Abbey Company out of Long Beach, CA.  CBRE’s San Diego medical team of Lars Eisenhauer and Dan Yielding have been engaged for the outside leasing assignment. 

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.

Contact: Emily Kanter, Maven Communications
ekanter@mavenagency.com; 215-434-7195

SOURCE Anchor Health Properties

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