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Companies & People: Charles Campbell, CEO of Flagship, dies at 54

Under his leadership, the firm’s HRE management portfolio has grown to 4.3M square feet; Brannen Edge assumes leadership of the firm

W. Charles Campbell

CHARLOTTE, N.C. — The news of the recent death of William Charles Campbell, 54, who went by the name of Charles, was met by great sadness, not only for folks at the firm he led as CEO and co-managing partners, Flagship Healthcare Properties in Charlotte, but for the numerous professionals he knew throughout the healthcare real estate (HRE) industry.

In the aftermath of Mr. Campbell’s death Nov. 29, HREI heard from a number of people who knew and at times worked with Mr. Campbell, many of whom noted that he took pride in growing Flagship into what it has become, a full-service real estate firm focused on developing, acquiring, managing and owning healthcare facilities, and that he led the company with great passion and integrity.

In a statement from Flagship, the company said Mr. Campbell’s death was “unexpected,” adding that he was an “inspiring and compassionate leader, and his vision, experience and wisdom has positioned Flagship as a leader in healthcare real estate… He was devoted to his family, a great leader in the community and a mentor to many. The Flagship family mourns his passing and extends its deepest and heartfelt sympathies to the Campbell/Stover family and we ask that you keep them in your thoughts and prayers during this difficult time.

“While this is a sad day for all who had the pleasure of knowing Charles, we take solace in the company’s bright future and the significant opportunities to build upon the legacy he helped create.”

According to the announcement, J. Brannen Edge III, president and co-managing partner, has assumed leadership duties of the company.

Mr. Campbell was the co-founder and CEO of locally based Flagship Capital Partners, which was launched in 2004 and merged with the Brackett Company Inc. in 2010 to form what is now Flagship Healthcare Properties.

Along with Mr. Edge, he grew Flagship into a firm that has acquired and developed more than 80 properties valued at more than $675 million. The company now has a total of 12 offices across the Mid-Atlantic and Southeast, as it provides property and asset management services for more than 165 healthcare properties with more than 4.3 million square feet of space.

In 2018, the company launched a private real estate investment trust (REIT), Flagship Healthcare Trust, to acquire and invest in medical office buildings (MOBs). Formed as a consolidation of the Flagship’s closed-end funds, Flagship REIT currently owns a portfolio of 55 assets with a value topping $440 million in the Mid-Atlantic and Southeast.

Mr. Campbell served as chairman of the board of directors of the REIT.

A graduate of Wake Forest University, Mr. Campbell had a 30-year career in commercial real estate and in 2018 was named the “Most Admired CEO” by the Charlotte Business Journal. He is survived by his wife, Michele Stover; four children; his parents; and other extended family members.

To view Mr. Campbell’s obituary, please visit CharlotteObserver.com.

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