FOR IMMEDIATE RELEASE
December 15, 2020
Anchor Health Properties Closes on Strategic CON & HOPD Designated MOB in Georgia
(Media, PA) Anchor Health Properties (Anchor), a national full service healthcare real estate development, management, and investment company focused exclusively on healthcare facilities, has recently closed on a 27,000 square foot Class A medical office building in Newnan, Georgia. Acquired through a joint venture with an existing institutional equity partner, the facility, located at 20 Francis Way, offers services that are governed by the State of Georgia’s Certificate of Need (CON) and hospital billing (HOPD) rates.
100% occupied by Piedmont Healthcare, one of the largest and most reputable systems in the state with over 10 locations, including nearly a dozen hospitals, the building was purpose-built for Piedmont-affiliated physicians in 2008. The outpatient MOB offers a variety of synergistic services, including cardiology, physical therapy, physical rehabilitation, and features a CON for imaging services.
“We are excited about continuing to expand our company’s footprint in Georgia and growing our relationship with Piedmont Healthcare,” shared James Schmid, Chief Investment Officer and Managing Partner with Anchor. “The Newnan submarket of Atlanta is strong and dynamic, making it a key target area. We are pleased to support Piedmont’s operations and strategic growth initiatives in this critical outpatient destination serving the healthcare needs of the surrounding community.”
Ilya Hvostikov on the Anchor investments team led the underwriting and due diligence effort which spanned a good part of 2020.
Ackerman Medical provided sale advisory services and Capital One provided debt financing services. As one of the two largest investor landlords to Piedmont Health in the Greater Atlanta market and among the five largest owners of medical office real estate across the MSA, Anchor Health Properties will also provide asset and property management at this location.
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 more than 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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