FOR IMMEDIATE RELEASE
Riverdale, GA — CoreGro has acquired a 39,393-square-foot medical outpatient building located at 34 Upper Riverdale Road in Riverdale, Georgia.
The property is strategically positioned directly across from Southern Crescent Hospital, providing strong visibility and access within a key medical node serving the greater Atlanta area. The asset was acquired from a publicly traded healthcare REIT.
At closing, the property was approximately 49% occupied, presenting a compelling value-add opportunity through the lease-up of second-generation medical office space. CoreGro has engaged CBRE’s specialist medical leasing team, alongside its in-house property management platform, CoreProp, to execute a targeted leasing strategy aimed at driving occupancy and enhancing long-term asset value.
The investment thesis is centered on unlocking embedded value through proactive leasing, competitive tenant positioning, and hands-on asset management within a high-growth healthcare corridor. Early-stage tenant engagement began during due diligence and continues post-closing, supporting accelerated absorption.
“This acquisition reflects our continued focus on identifying underutilized healthcare assets in strong medical locations where we can drive value through disciplined execution,” said Justin Latorre, CoreGro Chief Investment Officer. “By combining institutional-quality leasing expertise with our in-house operating platform, we are well-positioned to enhance performance while expanding access to essential healthcare services in the communities we serve.”
The Riverdale acquisition further strengthens CoreGro’s growing portfolio of community-anchored healthcare real estate assets across high-growth U.S. markets.
Ends
Issued by:
Nicole Glickman
Head of Communication, CoreGro
Nicole.glickman@coregro.com
Mobile: +2782 3770741
ABOUT COREGRO
www.coregro.com
CoreGro is a healthcare real estate fund manager specialising in the acquisition, development and management of medical outpatient buildings, ambulatory surgery centres and essential healthcare facilities across the United States. Since 2019, the firm has assembled a portfolio exceeding 500,000 square feet of medical real estate across seven U.S. states, with a defined focus on value-add strategies that enhance both performance and long-term stability.
Healthcare real estate sits at the intersection of need and resilience. Medical practices rarely relocate and healthcare demand remains consistent, even in periods of economic uncertainty. CoreGro’s investment strategy is built to harness that durability — pairing deep sector insight with disciplined capital allocation to generate consistent, risk-adjusted returns.
The firm’s platform combines global reach with a high-touch operating model. Its team spans time zones to accelerate deal flow, leverage diverse expertise, and execute efficiently. Integrated asset and property management ensures that investors benefit from hands-on oversight, transparent communication and ongoing value optimisation.
CoreGro’s approach is guided by three principles:
• Capital Preservation First: Innovative deal structures and careful underwriting to protect investor capital.
• Tax Efficiency as Strategy: Tailored tax structures designed to enhance net returns in a compliant, investor-aligned framework.
• Disciplined Growth: Data-driven decision-making and rigorous asset management to unlock alpha without taking unnecessary risk.
For CoreGro, successful investing is not about avoiding risk, but understanding and managing it. By building a balanced, high-quality portfolio of essential healthcare assets, the firm delivers dependable income streams and long-term value creation in a sector where demand is both fundamental and enduring.
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