Kleiman Evangelista Eye Center
Dallas – October 5, 2026 – CBRE facilitated the sale of the National Surgery Center Portfolio, a healthcare real estate portfolio totaling 223,016 sq. ft. in 11 ambulatory surgery centers (ASCs) located in nine states nationally to BGO.
Chris Bodnar, Brannan Knott, Zack Holderman, Anthony Sardo, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets acted as the exclusive advisors to the seller, Flagship Healthcare Properties and AEW Capital Management.
The Portfolio assets are located in major metropolitan locations across nine states including Chicago, Illinois, Dallas, Texas and St. Louis, Missouri, complemented by significant exposure to high-velocity growth corridors such as Nashville, Tennessee, Huntsville, Alabama and Columbia, South Carolina.Other locations include Portage, Michigan, Prescott, Arizona and Davenport, Florida.
The portfolio is an institutional-quality collection of ASCs that are 100% leased with a weighted average remaining lease term of 8.9 years. With assets located in diversified and desirable major metropolitan locations, the portfolio consists of high-quality, developer-led ambulatory surgery centers with an average effective age of 15 years, reflecting a combination of recent construction or comprehensive, state-of-the-art renovations. Flagship Healthcare Properties will continue to provide third part property management services across the 11 properties. Flagship has managed the assets under the prior joint
venture ownership, providing continuity for the portfolio following the acquisition.
Medical City Surgery Center of North Texas
“This is a rare, institutional quality ASC portfolio offering superior rent coverage ratios and elite institutional partnerships,” said Knott, an Executive Vice President with CBRE’s U.S. Healthcare Capital Markets practice. “With 45% of assets located in the Top 20 MSAs in the United States, the portfolio is positioned in premier healthcare corridors characterized by high-density populations, diverse payer mixes, and non-cyclical demand for specialized outpatient services.”
The facilities offer optimized clinical footprints of two to six operating rooms and up to seven specialized procedure rooms, all equipped to support the most advanced surgical technologies. The ASCs are strategically aligned with top-tier, institutional grade health systems including Texas Health Resources, AdventHealth and HCA Healthcare, providing exceptional credit stability and unparalleled operational expertise through the industry’s premier management platforms: USPI, SCA Health and
Surgery Partners.
About BGO
BGO is a leading, global real estate investment management advisor, real estate lender, and a globally recognized provider
of real estate services. BGO serves the interests of more than 750 institutional clients with expertise in the asset
management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in more
than 25 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where
we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is
a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.
For more information, please visit www.bgo.com.
Tri-City Surgery Center
About Flagship Healthcare Properties
Flagship Healthcare Properties, LLC (Flagship) is a fully-integrated outpatient healthcare real estate firm serving clients
throughout the United States. Flagship offers a full range of real estate services, including acquisitions, development, leasing
and brokerage, as well as facilities, property and asset management. Flagship manages approximately 9 million square feet
of healthcare real estate in more than 435 properties serving more than 815 tenants. Flagship serves as the external
manager of its private REIT, Flagship Healthcare Trust, Inc., which currently owns 114 medical outpatient assets. In 2020,
Flagship appointed ASC industry expert Blake Bratcher as Partner & Executive Vice President to spearhead its ASC
strategy and portfolio. Under his leadership, the strategic curation of this portfolio has directly driven unparalleled
performance and strong rent coverage, a testament to Mr. Bratcher’s deep industry relationships and insights. For further
information, visit: www.FlagshipHP.com.
About AEW Capital Management
For 45 years, AEW Capital Management, L.P. (AEW) has provided real estate investment management services to investors
worldwide. As one of the world’s largest real estate investment advisors, AEW and its affiliates manage $83.7 billion in
private real estate equity, debt and listed securities across North America, Europe and Asia, as of June 30, 2026. Grounded
in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in
both the public and private property markets and across the risk-return spectrum. AEW and its affiliates have offices in
Boston, Los Angeles, Denver, London, Paris, Hong Kong, Seoul, Singapore, Sydney and Tokyo, as well as additional offices in
eight European cities. For more information, visit www.aew.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest
commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company
has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business
segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience
(facilities management, property management, flex space & experience, critical infrastructure); Project Management
(program management, project management, cost consulting); Real Estate Investments (investment management,
development). Please visit our website at www.cbre.com
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