FOR IMMEDIATE RELEASE
October 15, 2018
(Charlottesville, VA) Anchor Health Properties and an affiliate of Morgan Stanley Real Estate have acquired a 96,000 square foot medical office building located in Athens, GA. The facility, the Oconee Health Campus, is anchored by Piedmont Healthcare and functions as a regional outpatient hub for Piedmont’s operations within the Athens market, a growth node within the Atlanta metropolitan area as well as a growing university hub. The Oconee Health Campus provides a range of primary care and specialty services for Piedmont Healthcare, including women’s services, pediatrics, imaging, and diagnostics. Anchor and an affiliate of Morgan Stanley Real Estate formed a joint venture earlier in 2018 for the purpose of investing in best-in-class, hospital anchored medical office buildings.
Anchor Health Properties’ Chief Executive Officer, Ben Ochs, said of the investment, “The acquisition of the Oconee Health Campus brings Anchor’s ownership and operations to the Atlanta metropolitan area and broader Georgia markets for the first time. We are excited to grow our investment management portfolio and launch a presence in a new market that we hope to expand throughout over time.”
Anchor Health Properties’ Chief Investment Officer, James Schmid, noted, “The investment represents an example of Anchor’s ability to leverage relationships to source core off-market medical office investments. The project is less than one year old and represents best-in-class construction, location, and tenancy. Piedmont Healthcare is one of the strongest and most recognized health systems in the Southeastern US. We are excited to build a relationship with the Piedmont team and hopefully expand our presence on the Oconee Health Campus over time.”
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.
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Contact: Rachael Osberger, Anchor Health Properties
rosberger@anchorhealthproperties.com; 302-655-1010
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