(Atlanta, GA) Expanding the company’s more than one million square foot owned and managed portfolio in greater Atlanta, Anchor Health Properties (Anchor), a national, full-service healthcare real estate development, management, and investment company focused exclusively on medical outpatient buildings and specialty healthcare facilities, recently closed on a two-story, 37,729 square foot Class A medical outpatient building in the high-growth submarket of Cumming, Georgia. The asset was acquired via a joint venture with an institutional equity partner.
The recently constructed facility, delivered in 2023, is strategically located at 101 Greenfield Drive in Forsyth County’s robust healthcare corridor and in close proximity to the 407-bed Northside Hospital Forsyth. The building is 100% occupied and was originally developed by a consortium of well-known physicians, led by Drs. Beach and Kakkar of Heart & Vascular Care Atlanta. From the outset, the location attracted strong interest from other physician groups that recognized the value of co-locating alongside complementary specialties, creating a highly collaborative outpatient environment.
The building’s tenancy features well-known area providers including Heart & Vascular Care Atlanta (HVC), Infectious Disease Professionals, Cancer and Blood Specialist of Georgia, Chacko Allergy, Asthma and Sinus, and Amedisys Home Health and Hospice Services.
The investment continues Anchor’s meaningful investment in the Cumming, GA market and complements the adjacent 92,000 square foot Forsyth Physician Center, which is owned and managed by Anchor. The campus will continue to expand in the near future with the development of a 50,000 square foot Phase II medical outpatient building, further enhancing the multi-specialty outpatient campus and creating additional operational synergies for providers and building ownership. The Phase II project will be master leased by one of the largest health systems in Georgia, with a groundbreaking slated for May 2026.
“Forsyth County continues to be one of the fastest-growing healthcare markets in the region and this investment reflects the strength of the long-standing relationships we have built with providers and health system partners across the Atlanta area,” shared Elliott Sellers, Senior Vice President, Investments & Partner. “Opportunities like this align well with our broader investment strategy – partnering with leadingphysician groups and health systems to support high-quality outpatient care in markets where demand for services continues to grow.”
The acquisition was led by Drew Sandler, Investments Associate with Anchor who added, “This was an attractive opportunity for us given the building’s high-quality construction, strong physician tenancy, and proximity to Northside Hospital Forsyth. With 100 percent occupancy and a complementary mix of specialties, the property provides a stable foundation while also positioning us to benefit from the continued growth of Forsyth County and the surrounding healthcare corridor.”
Josh Gregory, Michael Lipton, and Jordan Selbiger with Colliers International (Atlanta) represented the seller in the transaction. First Citizens Bank (FCB) provided debt financing, expanding their existing loan for the adjacent Forsyth Physicians Center and planned Phase II development. As the new owner of the facility, Anchor Health Properties will provide go forward asset and property management services to the joint venture for this investment.
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 outpatient box.” With more than $2B of completed development projects, 9M square feet under management, and $3.2B 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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