FOR IMMEDIATE RELEASE
October 26, 2020
(Media, PA) Anchor Health Properties (Anchor), a national full service healthcare real estate development, management, and investment company focused exclusively on healthcare facilities, and the largest private owner of medical office buildings in the San Diego MSA, recently closed on two Class A assets in the San Diego MSA through a joint venture with an existing institutional equity partner. Located at 31150 & 31170 Temecula Parkway in Temecula, California, the 100% occupied, 42,857 square foot acute care facilities feature a highly synergistic mix of clinical tenants benefitting from adjacency to the campus of Temecula Valley Hospital.
The complementary tenancy of specialty services, primary care, and pediatrics in the facilities include United Medical Doctors (urgent care, gastroenterology, urology), an affiliate of the UC San Diego Health physician network; Rancho Family Medical Group (primary care), a well-established medical group in the area; and, Rady’s Children’s (pediatrics), the dominant pediatric healthcare provider in the San Diego market.
“We are very pleased to be able to grow our presence as the largest private owner of MOBs in San Diego as we continue to add scale in one of Anchor’s largest focus markets for investment and development in the United States,” shared James Schmid, Chief Investment Officer with Anchor. “These medical office facilities are ideally situated in close proximity to important hospital services and surrounding patient populations. We are excited about acquiring these outstanding assets and by working with trusted, market-leading providers to provide high-quality healthcare services to the community.”
Cushman Wakefield provided seller advisory services and Capital One provided debt financing for this transaction. Anchor Health Properties will provide asset and property management services at these locations.
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 more than six million square feet of medical office space, inclusive of numerous projects under construction. Anchor maintains
multiple offices nationwide and features 75 professionals in its ranks. Over the past five years, Anchor principals have acquired and/or developed more than $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 Hall, Anchor Health Properties
rhall@anchorhealthproperties.com; 302-655-1010
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