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News Release: Anchor Health Properties Closes on Nearly 36,000 Square Foot Off Market Transaction in Greater Atlanta MSA

FOR IMMEDIATE RELEASE

May 23, 2022

(Atlanta, GA) Continuing to grow the company’s multi-asset owned and managed portfolio across Georgia, Anchor Health Properties (Anchor), a national, full service healthcare real estate development, management, and investment company focused exclusively on healthcare facilities, recently closed on a two story, 35,497 square foot Class A outpatient medical office building in the northern Atlanta submarket of Dawsonville. The asset at 73 Prestige Lane was acquired in an off market fashion via a joint venture with institutional equity partner Harrison Street, a leading investment management firm exclusively focused on alternative real assets.

Strategically positioned in a growing area with proximity to the 199 bed Northside Forsyth Hospital, the facility is 100% occupied by a highly synergistic clinical medical tenancy, including Northside Hospital System, a community based hospital system expanding across 25 counties with five acute-care hospitals and more than 250 outpatient facilities, Cleaver Medical Group, specializing in interventional pain management and dermatology services across five locations in the North Metro Atlanta area including an ambulatory surgery center in Cumming, Heart & Vascular Care, offering a range of specialized cardiology services with eight locations across the North Metro Atlanta area, and Digestive Care Physicians, featuring four convenient locations in north Georgia providing the best in modern digestive healthcare and cancer prevention. The facility opened its doors to patients in 2021, and this will be the first institutional ownership of this asset.

“This is a new to market, Class A asset that plays a key role in the delivery of healthcare in the area,” shared James Schmid, Chief Investment Officer and Managing Partner with Anchor. “The City of Dawsonville’s growing economy and strong demographics coupled with the MOB’s synergies with the surrounding hospital and outpatient campus aligned with key themes in our overall investment thesis. We are pleased to continue our long-term relationship with the existing tenancy and are committed to providing the surrounding community with a high-end facility as we expand our presence with additional opportunities in the greater Atlanta area. Anchor has established an Atlanta area office, headed by Anchor partner Mervyn Alphonso, and continues to scale across Georgia as one of the largest medical office owners in the state.”

Offering a breadth of complementary services, including primary care, dermatology, cardiology, optometry, ENT, and allergy, the in place tenancy hand selected the location to target population migration patterns increasingly pushing further north in the Atlanta metro area. Additionally, the existing tenants have collocated together at several facilities throughout the greater Atlanta MSA to increase outpatient coverage and provide non-hospital oriented services. Heart & Vascular Care and Digestive Care Physicians also provide services at other Anchor owned properties in the Atlanta area.

Leading the acquisition process, Elliott Sellers, Vice President of Investments and Partner with Anchor added, “We are building a strong presence in the Atlanta metro area, and we continue to be attracted by the outpatient medical office opportunities here. We are excited to add this Class A MOB to our existing fifteen asset owned and managed portfolio and to support Northside Hospital System, Cleaver Medical Group, Heart & Vascular Care, Digestive Care Physicians, and the providers who deliver high quality healthcare to the community. We look forward to being able to announce additional acquisitions in the market later in the year.”

Michael Lipton and Joshua Gregory from Colliers provided sales advisory services on behalf of the seller. Capital One provided debt financing services. As the new owner of the facility, Anchor Health Properties will provide go forward 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, and investment firm serving investors and health systems. Leveraging our collective experience and resources, our nimble, and thoughtful team of professionals develop and deliver tailored, client-specific solutions to respond to today’s healthcare challenges – thinking outside the “medical office box.” With more than $1.5B of completed development projects, nearly 8M square feet under management, and nearly $3B invested in stabilized healthcare facilities, Anchor continues to create a better healthcare experience for patients and a competitive edge for our clients. Anchor maintains multiple offices nationwide and features more than 100 professionals in its ranks. Healthcare today calls not only for new and more efficient ways of delivering healthcare services, but also a different kind of healthcare real estate 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 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, Toronto and Washington DC the firm has more than 200-employees and approximately $46 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 was awarded Best Places to Work by Pensions & Investments for seven consecutive years (2014-2020) and was recognized by PERE as the 2021 Alternatives Investor of the Year, North America and 2020 Global Alternatives Investor of the Year. For more information, please visit http://www.harrisonst.com

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

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