Anchor Health Properties closed a pair of transactions near Atlanta and Seattle, continuing its trend of expanding to new markets, the company announced Jan. 7.
What you should know:
1. Anchor acquired the Peachtree Professional Center in Peachtree City, Ga. The two-story, 45,000-square-foot Peachtree Professional Center is anchored by Atlanta-based Piedmont Healthcare.
2. Anchor also acquired Edmonds (Wash.) Medical Center. The two-story, 32,000-square-foot medical office building was built in 2012. The building has a CON-governed ASC and an imaging suite. The Everett (Wash.) Clinic leases space in the building.
3. Anchor Chief Investment Officer James Schmid said Seattle and Atlanta are high-growth markets for healthcare.
4. Mr. Schmid said Anchor's efforts to close off-market acquisitions differentiated the firm from competitors in 2019, adding, "We expect these efforts to continue to bear fruit in the years ahead."