Stonemont Financial Group announced it closed on the acquisition of two oncology centers in Greensboro and Hawkinsville, Georgia.
Stonemont has plans to implement a capital improvement plan on the exterior of the buildings, which will increase the longevity of the properties for the tenant. Work will be completed within the next year. Terms of the deal were not disclosed.
The two properties include an 11,271-square-foot comprehensive cancer treatment center at 1000 Cowles Clinic Way in Greensboro in the Lake Oconee community, and a 10,212-square-foot medical office building on the Taylor Regional Hospital Campus in Hawkinsville. Both buildings are fully occupied by Northside Hospital Cancer Institute.
Stonemont Financial Group is a private real estate investment firm specializing in industrial development, acquisitions, net lease investments and healthcare.
According to data captured in the LevinPro HC database, this represents the 70th medical office building (MOB) transaction of 2023, as of April 25. This is on par with last year, when there were 67 MOB deals announced between January 1, 2022, and April 25, 2022.
