Firm makes four purchases for a total of more than $100 million in the first two weeks of July
By John B. Mugford
Anchor paid a reported $32.3 million, or $546 per square foot (PSF) for the 59,155 square foot IDC Medical Plaza at 1412 SW 43rd St. in Renton, Wash. (Photo courtesy of Anchor Health Properties)
Media, Pa.-based Anchor Health Properties has certainly grabbed plenty of headlines in recent months, but rightly so.
For example, on June 23 HREI reported on Anchor’s purchase in a joint venture with Morgan Stanley Real Estate Investing (MSREI) of a 106,018 square foot, three-story MOB in Burlingame, Calif., for $64.4 million at a cap rate of about 3 percent.
This week, the longtime healthcare real estate (HRE) facility developer, owner and manager announced that in the first two weeks of July it made four separate MOB purchases totaling more than $100 million.
During a year in which investors are not finding it all that easy to find medical facilities to acquire – in large part because of such strong demand and pricing – Anchor has now made purchases totaling more than
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