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News Release: Flagship Healthcare Properties and OrthoCarolina Grow Relationship

For Immediate Release

Contacts:

Joseph Shull
Partner, Director of Property Management
d. 704-749-7272
joseph@FlagshipHP.com
Joli Blanks
Director of Marketing
d. 704-749-7255
joli@FlagshipHP.com

Flagship Healthcare Properties & OrthoCarolina Grow Relationship

CHARLOTTE, NORTH CAROLINA – October 2, 2018 –  Flagship Healthcare Properties (“Flagship”), announced today that the firm has expanded its property management and building engineering relationship with OrthoCarolina to over half a million square feet.

Beginning with a single property management assignment on a property that was occupied by OrthoCarolina in 2009, Flagship was retained as manager when OrthoCarolina eventually acquired the property in 2011. Through excellent service, and the diligence of the Flagship Property Management team, Flagship was awarded additional management assignments from OrthoCarolina in 2014, 2016, and 2017. Today’s further engagement grows that relationship to more than 30 properties.

Joe Shull, Partner and Director of Property Management at Flagship commented, “OrthoCarolina has awarded us the opportunity to be their facility management partner, and we couldn’t be more excited. We have assembled an incredible team here at Flagship, ready to provide dedicated support to all of OrthoCarolina’s facility needs now and in the future.”

Flagship will provide property management, property accounting, and building engineering services for 32 OrthoCarolina locations across North Carolina and South Carolina. The OrthoCarolina management portfolio will have a dedicated Property Manager, Lead Engineer, and Property Administrator.

“As OrthoCarolina has continued to grow and expand we look to partners that we can trust and rely on,” said Cathie McDonald, Chief Operating Officer, OrthoCarolina. “Flagship has been an important part of our continuing development and we eagerly anticipate collaborating on major projects with them in the near future.”

“Millions in the Carolinas depend on OrthoCarolina for their healthcare. Now, OrthoCarolina can depend on Flagship to make sure their facilities are kept in as good of shape as their patients.” adds Brannen Edge, Co-managing Partner, President, and COO of Flagship Healthcare Properties.

About Flagship Healthcare Properties, LLC

Flagship Healthcare Properties, LLC (“FHP”) is a fully integrated commercial real estate firm committed to healthcare real estate.

FHP provides its clients a full range of real estate services including investment and capital solutions; development; property sales, leasing, and marketing; and facilities, property, and asset management. FHP operates an integrated platform, has developed over 1.7 million square feet, and currently manages more than 3.5 million square feet of healthcare real estate encompassing more than 130 properties. FHP serves as the manager of its private REIT, Flagship Healthcare Trust. For further­­ info­­r­mation, visit www.FlagshipHP.com.

About OrthoCarolina

OrthoCarolina is one of the nation’s leading independent academic orthopedics practices serving the Southeast since 1922. OrthoCarolina provides compassionate and comprehensive musculoskeletal care including operative and non-operative care, diagnostic imaging and rehabilitative therapy. Widely known for musculoskeletal research and training, OrthoCarolina physicians have specialized expertise in foot and ankle, hip and knee, shoulder and elbow, spine, sports medicine, hand, pediatric orthopedics, and physical medicine and rehabilitation. Over 300 OrthoCarolina providers see more than one million patient visits across North and South Carolina each year.

Flagship Healthcare Properties, LLC
2701 Coltsgate Road, Suite 300 Charlotte, North Carolina 28211
P. 704-442-0222 | F. 704-367-0196
www.FlagshipHP.com

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