Anchor Health Properties Sources Investment And Secures Management Services For New Medical Office Building In Alabama

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Aug 08, 2017, 11:00 ET

HUNTSVILLE, Ala., Aug. 8, 2017 /PRNewswire/ -- Anchor Health Properties (Anchor) is pleased to announce the closing of the Clearview Cancer Institute ("CCI") medical office building in Huntsville, AL. Anchor Health Properties sourced the transaction and worked with an institutional equity partner, Physicians Realty Trust to fund the investment.

The three story, 112,500 square foot Class A project was developed in 2006 and previously owned by a subset of physicians who comprise the CCI oncology practice. The building houses CCI's operational headquarters in the Huntsville market, featuring two linear accelerators and multiple oncology bays, in addition to traditional medical office space. Huntsville Hospital is also a subtenant in the building, providing outpatient services.

Anchor Chief Executive Officer Ben Ochs stated, "Creating and sourcing this opportunity and providing management services for the CCI medical office building allows us to build upon our growing footprint in the Southeastern United States. Our operations have historically extended across the state of Tennessee, and gaining a large footprint in northern Alabama is a natural extension of that. We intend to provide regional leadership for the building out of our Nashville, TN office. Adding this best-in-class facility and tenant to the Anchor roster further solidifies our focus on supporting clinical users with their real estate needs."

Anchor Chief Investment Officer James Schmid stated, "The CCI investment has been a long time in the making. Combining a strong Anchor regional presence and CCI tenant relationship with a best in class institutional equity partner like Physicians Realty Trust will drive long term success for the CCI medical office building."

Crunkleton Advisors and Colliers International provided sales advisory services on the transaction.

About Anchor Health Properties

Anchor Health Properties is a national, full-service healthcare real estate development, management and acquisitions company focused exclusively on medical facilities. Anchor takes a strategic approach to navigating the extremely competitive healthcare marketplace, considering multiple angles, such as retail drivers, customer experience, branding and efficiency of the project. We develop and manage projects across the United States that respond to the new landscape of employed physicians, team-based care, the need to optimize assets and reduce duplication, and the integration of care and technology. Healthcare today calls not only for new and more efficient ways of delivering outpatient services, but also a different kind of healthcare development and management company. For more information, please visit: www.anchorhealthproperties.com.

About Physicians Realty Trust

Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare. The Company conducts its business through an UPREIT structure in which its properties are owned by Physicians Realty L.P., a Delaware limited partnership (the "operating partnership"), directly or through limited partnerships, limited liability companies or other subsidiaries. The Company is the sole general partner of the operating partnership and, as of June 30, 2017, owned approximately 96.7% of the partnership interests in our operating partnership ("OP Units").

Contact: Emily Kanter, Maven Communications
[email protected]; 215-434-7195

SOURCE Anchor Health Properties