NEWS RELEASE
FOR IMMEDIATE RELEASE
Healthcare real estate firm expands South Carolina presence with Columbia acquisition
CHARLOTTE, N.C. (Oct. 28, 2020) – Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, is pleased to announce the acquisition of a Class A medical office building and ambulatory surgery center (“the Property”) in Columbia, South Carolina.
The 31,697-square-foot building was built in 2007 on 2.96 acres and is 100% leased to Columbia Nephrology, Fresenius Medical Care, and Fresenius Vascular Care. Columbia Nephrology is the largest kidney specialty practice serving the Midlands of South Carolina since 1980. Fresenius Medical Care, together with Columbia Nephrology, offers hemodialysis, peritoneal dialysis and home dialysis training to renal failure patients. Fresenius Vascular Care provides a full range of diagnostic and therapeutic procedures for dialysis access management and intervention and is the only outpatient vascular access center in the Midlands.
The Property is located inside the 24-acre Park Central Medical Office Park and within a mile from the Prisma Health Richland Hospital campus, the largest and most comprehensive integrated health care system in the South Carolina Midlands region.
“This represents the second acquisition in the Columbia market for us within the last year. The property’s location in a medical park with close proximity to Prisma Health Richland Hospital makes this a highly desirable healthcare destination,” says Gerald Quattlebaum, executive vice president of acquisitions. “Anchored by one of the state’s largest nephrology practices, along with one of the nation’s largest provider of dialysis services, this property serves patients both near and far in need of this specialized level of care.”
Flagship acquired the MOBs through its private real estate investment trust, Flagship Healthcare Trust, Inc. (Flagship REIT). As the new owner of the buildings, Flagship will provide asset management and property management services.
Financing for the acquisition was provided by Atlantic Union Bank.
For more information about Flagship Healthcare Properties, visit www.FlagshipHP.com. For more information about Flagship Healthcare Trust, visit www.FlagshipREIT.com.
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About Flagship Healthcare Properties
Flagship Healthcare Properties, LLC (Flagship) is a fully-integrated outpatient healthcare real estate firm serving clients throughout the Southeastern and Southern Mid-Atlantic United States. Headquartered in Charlotte, North Carolina, Flagship offers a full range of real estate services including investment and capital solutions, development, property sales, leasing and marketing, as well as facilities, property and asset management. Flagship manages over 4.3 million square feet of healthcare real estate across more than 165 properties serving in excess of 465 tenants. The firm has developed or acquired over 80 properties valued at more than $675 million. Flagship serves as the manager of its private REIT, Flagship Healthcare Trust, Inc.
About Flagship Healthcare Trust
Flagship Healthcare Trust, Inc. (Flagship REIT) is a private real estate investment trust that owns clinical healthcare assets in the United States. Flagship REIT holds interest in more than 59 healthcare properties valued at over $460 million. Flagship REIT’s current portfolio includes more than 1.6 million square feet of medical office space and approximately 190 tenants. For further information, visit www.FlagshipREIT.com.
Media Contact:
Norida Torriente, Public Relations Manager
SPARK Strategic Ideas
ntorriente@sparksi.com and 704.625.2194
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