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News Release: Anchor Health Properties Expands Southeast Footprint with Greenville, South Carolina Investment

FOR IMMEDIATE RELEASE

January 7, 2019

(Wilmington, DE) Anchor Health Properties (Anchor), a national full-service healthcare real estate development, management, and investment company focused exclusively on medical facilities, has recently invested in an 80,000 square foot core medical office asset located in the quickly growing Greenville, South Carolina market through a joint venture with an affiliate of The Carlyle Group.

“We are extremely excited to enter into this market and form a relationship with Greenville Health System and Internal Medicine Associates on the acquisition of such a high-quality medical office building,” said James Schmid, Chief Investment Officer with Anchor Health Properties. “GHS and IMA are market-leading health providers and we look forward to continuing to work with them in providing first rate healthcare services and facilities to Greenville and the surrounding areas.”

The multi-story Class A facility, located at 1025 Verdae Boulevard, is an outpatient campus Medical Office Building (MOB) 100% leased to two of the area’s leading healthcare providers – Greenville Health System (GHS) and Internal Medicine Associates (IMA). The MOB serves as a mission critical outpatient location for GHS’s Patewood Memorial Hospital campus and the flagship outpatient facility for IMA. As part of the transaction, Anchor also worked with the ownership group to creatively structure a capital solution for the adjacent 60,000 square foot Phase II project slated to open in March 2019.

The property effectively serves as a regional hub for multi-specialty clinical services as well as an extension of GHS’s main hospital facilities by offering a comprehensive line of outpatient services, including internal medicine, sleep lab, imaging, and multiple other complementary specialties that contribute to a comprehensive outpatient campus.

“It is our belief that healthcare real estate is, first and foremost, a relationship driven business, and we couldn’t be more pleased for the opportunity to work with the leadership of GHS and IMA,” shared Ben Ochs, Chief Executive Officer with Anchor Health Properties. “The acquisition of the facility is an exciting addition to our growing investment and property management portfolio at Anchor Health Properties. We are pleased to be part of the team providing comprehensive and easily accessible healthcare services to the local community.”

IMA Managing Partner Danny Grover stated, “After careful consideration in deciding to monetize our flagship location, we selected Anchor Health Properties based on their reputation as a best in class owner and their ability to move and structure a quick and decisive transaction. We look forward to a bright future partnership with the Anchor team on the Verdae campus.”

Anchor will provide asset and property management services at this location. This new acquisition expands Anchor’s portfolio of managed properties to more than four million square feet.
Peter Couchell of NAI Earle Furman provided real estate advisory services to IMA during the transaction. Capital One provided secured debt financing for the acquisition.

About Anchor Health Properties

Anchor Health Properties is a national, full-service healthcare real estate development, management, leasing, and investment serving investors and health systems. 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. Anchor manages and leases over four million square feet of medical office space, inclusive of numerous projects under construction. Anchor maintains twelve offices nationally and features nearly 60 professionals in its ranks. Over the past five years, Anchor principals have acquired and/or developed over $3 billion of medical real estate across the country. 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.

About Internal Medicine Associates

Internal Medicine Associates of Greenville (IMA) is a multispecialty medical practice that originally formed as a partnership between two primary care physicians in 1950. Today, the practice consists of 29 physicians and 13 Advanced Practice Practitioners and is one of the largest medical groups in the Upstate of South Carolina. IMA provides comprehensive adult healthcare for Internal Medicine, Rheumatology, Endocrinology and Gastroenterology specialties and offers a patient centered medical home approach. This approach allows for the knowledge and expertise of the different specialties to be used together for the treatment of a patient’s problem in the office. The office is equipped to perform many diagnostic services that allow the physicians to diagnose and treat symptoms more effectively and affordably. Internal Medicine Associates of Greenville has a team of very dedicated physicians and support staff who are committed the delivery of high quality and compassionate medical care to patients in the Greenville and surrounding communities.

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Contact: Rachael Osberger, Anchor Health Properties rosberger@anchorhealthproperties.com; 302-655-1010

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