Anchor Health Properties announced that it is acquiring a three-story, 91,940-square-foot Class A medical office building (MOB) in the Cumming submarket of Atlanta, Georgia. The facility was originally constructed in 2017 and sits adjacent to Northside Hospital Forsyth.
The 80% occupied MOB offers a long-term, synergistic tenant ecosystem composed of prominent regional providers, including Resurgens Orthopaedics, GI North and North Atlanta Ear, Nose, Throat, and Allergy.
Established in 1985, Anchor Health Properties is a national, full-service healthcare real estate development, management and investment company focused exclusively on healthcare facilities. Anchor has more than $2 billion of completed development projects, 9 million square feet under management and $3.2 billion invested in stabilized healthcare facilities.
The asset was acquired through a programmatic joint venture with an institutional equity partner. A team from Colliers represented Anchor on the transaction. CBRE represented the undisclosed seller. First Citizens Bank’s CIT division provided debt financing services.
As the new owner, Anchor Health Properties will provide go forward asset and property management services at this location. Terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this represents the 121st MOB transaction of 2023. This also marks Anchor’s fifth MOB acquisition of 2023.
