FOR IMMEDIATE RELEASE
January 10, 2022
(Fort Worth, TX) Focused on building and maintaining strategic, long-term relationships, Anchor Health Properties (Anchor), a national, full service healthcare real estate development, management, and investment company focused exclusively on healthcare facilities, recently sourced and led the off market acquisition of a 61,088 square foot, Class A medical office building along with institutional equity partner Harrison Street, a leading investment management firm exclusively focused on alternative real assets. Located on the Texas Health Resources (THR) Harris Methodist Alliance Campus, the recently constructed MOB is strategically positioned in the rapidly expanding Fort Worth-Alliance submarket of the Dallas-Fort Worth MSA in Texas.
Opened to patients in 2019, 10900 Founders Way was recognized by Healthcare Real Estate Insights™ as a 2019 National Finalist for “Best New Medical Office Buildings and Other Outpatient Facilities. The facility is anchored by Texas Health Resources (Moody’s Aa2), one of the largest faith-based, non-profit healthcare delivery systems in the US and the largest in North Texas in terms of patients served. Providing primary and specialty care services, including orthopedics, and sports medicine, THR is joined by Spine Team Texas, a premier back and neck provider treating an array of conditions, in addition to GI Alliance and Urology Partners. The highly synergistic tenancy also offers a joint-venture ambulatory surgery center operated by Spine Team Texas and enjoys strong cross-referral opportunities.
“We are honored to have established relationships with key industry organizations, such as Harrison Street and MedCore Partners, where we can collaborate and mutually align interests, as we invest in local communities,” shared James Schmid, Chief Investment Officer and Managing Partner with Anchor. “The on-campus location of this industry award nominated Fort Worth facility and the stability of the tenant base combined to offer an excellent investment opportunity in this desirable, high growth market.”
Leading the acquisition process, Anchor’s Executive Vice President & Partner, Mervyn Alphonso, added, “We were initially attracted to this opportunity in an expanding section of the Dallas-Fort Worth MSA and are pleased that we could lead and successfully close this transaction. Alongside Harrison Street, we have transacted with MedCore Partners on previous health care real estate investments, and we continue to be appreciative of the professionalism, and efficiency of everyone involved. This transaction is a true testament to our collective dedication in supporting the long-term objectives of health systems and medical providers. We look forward to supporting the operations of Texas Health Resources and the other leading healthcare providers as they serve patients in the surrounding community.”
As one of the sellers and providing sales advisory services throughout the transaction, Kyle Libby with MedCore Partners, noted, “We welcomed the opportunity to work with Anchor Health Properties on another transaction and appreciate the continued professionalism and collaborative nature of their team.”
Anchor Health Properties will provide go forward third-party asset and property management services 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 seven million square feet of medical office space, inclusive of numerous projects under construction. Anchor maintains multiple offices nationwide and features 100 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 Harrison Street
Harrison Street is one of the leading investment management firms exclusively focused on alternative real assets. Since its inception in 2005, the firm has created a series of differentiated investment solutions focused on demographic-driven, needs-based assets. The firm has invested across senior housing, student housing, healthcare delivery, life sciences and storage real estate as well as social and utility infrastructure. Headquartered in Chicago with offices in San Francisco, London and Toronto, the firm has more than 200-employees and approximately $39 billion in assets under management. Clients of the firm include a global institutional investor base domiciled in North America, Europe, Middle East, Asia and Latin America. Harrison Street has been awarded Best Places to Work by Pensions & Investments for seven consecutive years (2014-2020) and was named 2020 Global Alternatives Investor of the Year by PERE. For more information, please visit www.harrisonst.com.
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Contact: Rachael Hall, Anchor Health Properties
rhall@anchorhealthproperties.com; 434-293-8004
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