Brown Gibbons Lang | Real Estate Partners (BGLREP) recently closed on the sale of the 47,770 square foot Alpine Orthopaedic Medical Group & Spine Center and The Ambulatory Surgery Center of Stockton in Stockton, Calif. (Photo courtesy of BGLREP)
Alpine Orthopaedic Medical Group & Spine Center and The Ambulatory Surgery Center of Stockton (the “Properties”) total approximately 47,770 rentable square feet and are located in Stockton, California, which is approximately 65 miles east of San Francisco. The Ambulatory Surgery Center of Stockton is managed by a well-established practice group that is in partnership with United Surgical Partners International (“USPI) and St. Joseph’s Medical Center, which is a part of the Dignity Health network. The physicians of Orthopaedic Medical Group & Spine Center have admitting privileges at St. Joseph’s, which creates a strong inpatient and outpatient referral network for their practice and the surgery center. The Properties are adjacent to one another and are well located less than one-half mile from St. Joseph’s Medical Center.
“Given the continued strong market conditions for investment in healthcare real estate assets that are supported by best-in-class healthcare providers, the results that we are able to deliver for our clients through a discrete and controlled marketing process is remarkable.” said Christopher Stai and Clint Parker, Managing Directors of BGLREP’s National Healthcare Real Estate Group. Adding, “The partnership with USPI and Dignity Health provides a strong referral network that is valued by institutional investment groups.”
BGLREP completed 20 healthcare real estate sale transactions over the past 12 months for a total value of approximately $360 million, adding to a total value of nearly $650 million in 37 separate healthcare real estate sale transactions over the past two years. BGLREP’s National Healthcare Practice specializes in representing and advising owners of healthcare real estate through a variety of transaction structures, including tax-deferred transactions, such as an UPREIT or a §1031 like-kind exchange, as well as an outright sale or equity recapitalization that enables owners to capitalize on current investment demand and historically high valuations while retaining a reduced level of real estate ownership.
About Brown Gibbons Lang | Real Estate Partners
BROWN GIBBONS LANG | Real Estate Partners (BGLREP), a division of Brown Gibbons Lang & Company, is a leading national advisor in healthcare real estate, specializing in providing healthcare real estate owners with tailored transaction strategies, including debt and equity recapitalization, sale-leasebacks, partial sale-leasebacks, tax deferred transactions, such as an UPREIT or a §1031 like-kind exchange, and other nuanced transactions designed to optimize value and flexibility for the client.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer, Environmental & Industrial Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, Irvine, Philadelphia, and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.
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