Continuing to expand the company’s nearly one million square foot owned and managed portfolio in Georgia, Anchor Health Properties (Anchor), a national, full service healthcare real estate development, management, and investment company focused exclusively on medical facilities, recently closed on a three story, 91,940 square foot Class A medical office building in the high growth Cumming submarket of Atlanta, Georgia. The asset was acquired through a programmatic joint venture with an institutional equity partner.

Strategically positioned at 4150 Deputy Bill Cantrell Memorial Road, the facility was originally constructed in 2017 and sits adjacent to Northside Hospital Forsyth, a 389 bed hospital with 800 physicians and 3,700 employees. The 80% occupied MOB offers a long-term, synergistic tenant ecosystem comprised of prominent regional providers, including Resurgens Orthopaedics, one of the largest independent orthopedic practices in the country; GI North, a local gastroenterology practice with additional locations in Alpharetta and Dawsonville; and North Atlanta Ear, Nose, Throat, and Allergy, another multi location practice in Atlanta.

“As the healthcare delivery model continues to place a greater emphasis on outpatient services, multi- specialty MOBs anchored by an ambulatory surgery center or similar high acuity function are continually in demand as regional providers look to expand their patient base within the communities they serve,” shared James Schmid, Chief Investment Officer and Managing Partner with Anchor. “With a synergistic mix of healthcare tenants and strong local demographics, this facility is aligned with our investment criteria as we continue to target strategic, off market acquisition opportunities in the Greater Atlanta MSA as a key US investment market throughout the rest of 2023.”

Complementary service lines provided at this location include a physical rehabilitation clinic and MRI imaging center operated by Resurgens Orthopaedics, an ambulatory surgery center operated by GI North for cancer screening procedures such as colonoscopies and upper endoscopies, and an ambulatory surgery center operated by North Atlanta Ear, Nose, Throat, and Allergy specializing in outpatient otolaryngological procedures such as computer image guided sinus surgery, balloon sinuplasty, endoscopic sinus surgery, advanced ear surgery, and BiZact technology for tonsillectomy.

Michael Lipton, Executive Vice President and Principal, and Andrew Walker, Senior Vice President and Principal, with Colliers Atlanta represented Anchor on the transaction. Lee Asher,

and Jordan Selbiger,
with CBRE represented the Seller. First Citizens Bank / CIT provided debt financing

services. As the new owner, Anchor Health Properties will provide go forward asset and property management services at this location.