Birmingham-based Firm Completes Multiple Acquisitions in Alabama
Birmingham, Ala., Sept. 12, 2022 – Sanders Capital Partners, LLC, a Birmingham-based real estate acquisition and development firm, has recently completed the purchase of the three dermatology medical practice buildings located in Vestavia Hills, Montgomery and Gadsden, Alabama, totaling $12.4 million.
The collective 28,137 square-foot medical office and surgical center buildings are home to the Surgical Dermatology Group, a nationally recognized comprehensive dermatology practice.
“The Surgical Dermatology Group portfolio represents an ideal acquisition to us in that it is home to a leading medical provider that has found these locations convenient and proximate to their patient base,” stated Jackson Stewart, Executive Vice President & General Counsel for Sanders Capital Partners.
“Sanders Capital Partners is pleased to be associated with this best-in-class practice group and is keen to continue to increase its exposure to similarly situated medical practices. We enjoy working with physician-owners to maximize the value of their real estate through the sale lease-back process and ensure the long-term continuity of their business.”
Sanders Capital Partners’ primary principal, Rance Sanders, has been instrumental in the medical real estate landscape for over 30 years as founding member of sister company, The Sanders Trust.
Since its inception more than seven years ago, Sanders Capital Partners has built its portfolio by strategically acquiring and developing properties in the southeastern, midwestern, and southwestern United States.
For more information regarding the acquisitions of the Surgical Dermatology Group portfolio or Sanders Capital Partners, please contact Krista Conlin at email@example.com.
About Sanders Capital Partners
Sanders Capital Partners develops and acquires retail centers, medical properties, strategic land and light industrial properties primarily throughout the southeastern, midwestern, and southwestern United States. Sanders Capital Partners has significant capital and real estate expertise to acquire or develop stabilized income-producing assets. Sanders Capital Partners currently owns properties throughout the southeast, midwest, and southwest.
For more information on Sanders Capital Partners, please visit their website at www.sanderscapitalpartners.com.
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