FOR IMMEDIATE RELEASE
October 07, 2022
(Delray Beach, FL) Continuing to expand the company’s footprint in South Florida, 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, 31,886 square foot, Class A medical office building in the submarket of Delray Beach, Florida. The asset at 4675 Linton Boulevard was acquired in an off market execution via a joint venture with institutional equity partner. This is Anchor’s second large MOB transaction in the South Florida region in the past six months.
Originally constructed in 2005, the asset is 100% occupied by a complementary ecosystem of local and regional medical tenants providing a variety of high acuity service lines and specialty care. The building is anchored by an outpatient surgery center owned and operated by Tenet Healthcare, one of the highest performing health systems in South Florida. Specialty care services offered at this location primarily include pain management, urology, general surgery, gastroenterology, colorectal surgery, and cancer care. Remaining tenancy provides a balance of high acuity specialties that include neurology and dermatology.
The asset is strategically located less than one mile from the Delray Medical Center, a Tenet owned hospital with 536 beds. The property also benefits from proximity to several retirement communities as well as retail centers, golf courses, and other medical facilities.
“As a long term healthcare real estate owner and investor, we are thrilled to grow our presence in South Florida with the addition of this Class A MOB to our portfolio,” shared James Schmid, Chief Investment Officer and Managing Partner with Anchor. “With a focus on building lasting relationships with our health system and physician group tenants, we are looking forward to driving significant value creation through strategic capital, operational improvements, and support of the mission and operations of the providers at this facility. We continue to be attracted to the strong fundamentals in the South Florida region and anticipate closing on additional transactions in the area before the end of the year.”
Leading the acquisition process, Albert Lord, Investment Manager with Anchor, echoed these sentiments, “We are pleased to continue to grow in the South Florida market, a strategic region for Anchor Health Properties going forward. This particular asset is exciting for us, as we look forward to playing a key role in supporting the delivery of critical healthcare services within the Delray Beach community.”
Providing sales brokerage services on the transaction were Greg Trainor, Managing Partner with Fairfield Asset Advisors and Len Blackman, Managing Principal at Leklen Realty. Mr. Blackman added, “It was a pleasure to work with Anchor Health Properties, as they were able to achieve the Seller’s pricing objectives and complete the transaction within the required very narrow timeline.”
Capital One provided debt financing services. As the new owner of the facility, Anchor Health Properties will provide go forward management services at this facility.
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, more than 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.
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Contact: Rachael Hall, Anchor Health Properties
rhall@anchorhealthproperties.com; 434-293-8004
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