Flagship Healthcare Properties announced that it purchased a medical office building (MOB) in Winter Haven, Florida.
The 27,910-square-foot property was built in 2005 and was renovated in 2020. It is anchored by the Center for Retina and Macular Disease, an ophthalmic subspecialty group and Davita, one of the largest kidney care providers in the country.
Flagship Healthcare is a developer of post-acute care networks. It is a provider of rehabilitation, skilled nursing, subacute care, home health, pharmacy and other services.
ERE Healthcare Real Estate Advisors represented the sellers. The financial terms were not disclosed. This is Flagship Healthcare Properties’ fourth acquisition in 2022, when the company purchased two other medical office buildings and one gastroenterology practice.
According to data captured from the LevinPro HC database, this acquisition represents the 212th MOB transaction of 2022. Compared to 2021, when 158 medical office buildings acquisitions were announced, this year represents a 34% increase in MOB M&A activity.
