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News Release: Anchor Health Properties Acquires One of the Top Remaining Third-Party Owned Assets in the San Diego MSA

FOR IMMEDIATE RELEASE

July 19, 2021

(San Diego, CA) 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 the acquisition of a two story, 54,703 square foot Class A medical office building located in the Oceanside/Vista submarket of San Diego, California. Acquired through a joint venture between Anchor’s co-managed equity fund, Chestnut Healthcare Fund II, and funds managed by global investment firm Carlyle (NASDAQ: CG), this building is one of the top remaining third-party owned assets in the San Diego MSA.

Strategically located adjacent to the Tri-City Medical Center, a 320-bed hospital district campus serving North San Diego County which features co-sponsorship from UC San Diego Health, Vista Medical Plaza was originally constructed in 1986 and fully redeveloped by the AmeriCare Health & Retirement Company in 2016. The asset is anchored by three investment grade clinical medical tenants and complemented by two dominant San Diego area specialty care providers offering a wide variety of clinical services.

• United HealthCare (Moody’s A3), North County Internal Medicine, is one of the top internal medicine practices in North San Diego County and an original tenant to the building
• Rady Children’s Physician Management Group (Moody’s Aa3), Children’s Primary Care Med Group, is the region’s largest medical group specializing in healthcare for children and provides primary care pediatrics and newborn care services
• LabCorp (Moody’s Baa2) is one of the largest clinical laboratory networks in the world featuring 36 primary laboratories across the United States
• Greider Eye Associates, a well-established regional practice, provides general and specialized ophthalmology surgery, optometry, cosmetic services, and diagnostic services
• Blue Coast Cardiology retains some of the top Cardiologists in the area and provides electrocardiology, echocardiology, coronary disease management, and clinical research

“Coming off a tremendous first half of 2021 with a dozen separate investment transactions closed, our investments platform continues on pace for a record setting year in 2021,” shared James Schmid, Chief Investment Officer and Managing Partner with Anchor. “The greater San Diego MSA is a medical marketplace that is both proven and growing with new opportunities, and this Class A MOB acquisition continues our strong momentum. As the largest non-health system owner of medical office space in the San Diego area, we are thrilled to support the best-in-class tenancy – forming long-term tenant relationships with multiple leading health systems and providers in the region.”

The premiere outpatient health center in the Oceanside/Vista submarket, the facility also features an on-site pharmacy, open atrium, private secured subterranean physician parking, and ample on-site parking for patients and visitors.

Elliott Sellers, Vice President of Investments and Partner with Anchor, led the acquisition process and also noted, “The San Diego MSA offers highly attractive investment opportunities that align with our guiding investment thesis and provide the occasion to work with a number of market-leading health systems and providers through support of their operations. As we pursue better healthcare through real estate solutions, we are excited about this acquisition further demonstrating our commitment to the surrounding community.”

Capital One provided secured debt financing for the project. As the new owner of the facility, Anchor Health Properties will provide go forward asset and property management services at this location. Lars Eisenhauer with CBRE San Diego will continue to lead leasing services at this property.

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 seven million square feet of medical office space, inclusive of numerous projects under construction. Anchor maintains multiple offices nationwide and features more than 80 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.

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $230 billion of assets under management as of September 30, 2020, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 30 offices across six continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.

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Contact: Rachael Hall, Anchor Health Properties
rhall@anchorhealthproperties.com; 434-293-8004

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