Anchor Health Properties acquired four medical office buildings in Sacramento, Calif., surpassing $1 billion in total investment.
What you should know:
1. Anchor partnered with a Morgan Stanley Real Estate affiliate for the investment.
2. The medical office building portfolio totals nearly 300,000 square feet. Sacramento, Calif.-based Sutter Health, UC Davis Health and Oakland, Calif.-based Kaiser Permanente all lease space in the buildings.
3. Anchor established an office in Roseville, Calif., to provide property management services to the four buildings.
4. Anchor Chief Investment Officer James Schmid said, "When [Anchor CEO] Ben Ochs and I started the investment initiative in 2016, we had modest goals in mind for what we hoped to achieve. Thanks to a best in class team of professionals and best in class capital partners, we’ve far exceeded our hopes for where we could take the investment platform.”