FOR IMMEDIATE RELEASE
August 28, 2019
Atlanta-Based Bauman & Company Purchases Physician Building In High Point, North Carolina
Bauman & Company and its investors have acquired the High Point Medical Center in High Point, North Carolina from a physician-ownership group in an all-cash transaction.
The High Point Medical Center is located on the campus of a 351-bed hospital and surgery center that is owned and operated by the Wake Forest Baptist Health system. The two-story, 34,098 sq. ft. building is fully occupied by Wake Forest Baptist Health Orthopaedic & Sports Medicine.
Bauman & Company now owns and manages six physician buildings in four states – Georgia, Florida, Tennessee, and North Carolina. Together, these buildings contain approximately 300,000 sq. ft.
“The newly acquired building in North Carolina has many characteristics that we value when we invest in a medical office building — notably, it is immediately adjacent to a fiscally-sound hospital, it is located in a highly-desirable and stable market, and it produces strong economic returns,” explained Howard Feinsand, a Bauman & Company partner.
According to Ryan Gotlieb, Director of Acquisitions for Bauman & Company, “Our goal is to double our portfolio during the next two to three years through acquisitions that meet our investment parameters and complement our existing buildings.”
Founded in 1980, Atlanta-based Bauman & Company has specialized in owning and operating a wide variety of commercial buildings and multi-family residential properties in the southeastern United States. More information about the firm is available on its website: www.baumanco.com
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CONTACT:
Peter G. Mathon
P. R. Counsel for Bauman & Company
770-396-4555
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