BGO JV Acquires Austin Medical Facility
This is the joint venture’s second purchase this year.
A joint venture between Anchor Health Properties and BGO has acquired Southwest Medical Village, a 71,394-square-foot medical office building in Austin, Texas. Olympus Ventures sold the asset in a CBRE-brokered deal.
This marked the company’s first acquisition in Austin, Mervyn Alphonso, Anchor Health Executive Vice President & Partner, told Commercial Property Executive. “The Sun Belt remains a strategic focus for us and we will continue to pursue opportunities,” he added.
Alphonso noted that the company is seeing a strong investment pipeline and is actively pursuing multiple opportunities across the country. “We remain optimistic about the 2026 health-care real estate investment landscape, particularly as demand for high-quality outpatient facilities continues to grow,” he mentioned.
Anchor will also provide asset and property management services. Premier Family Physicians anchors the building, which was fully leased at the time of sale.
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The tenant roster also comprises Ascension Seton, Austin Heart, HCA Healthcare and Texas Children’s Pediatrics, a subsidiary of Texas Children’s Hospital. On-site services include gastroenterology, dermatology, oncology, cardiology, radiology, pediatrics and ambulatory surgery.
The facility came online in 2013. Located at 5625 Eiger Road, the two-story building is close to Highway 290 and within a 10-mile radius of eight short-term acute care hospitals. Downtown Austin is 10 miles away. Other medical providers in the area include St. David’s South Austin Medical Center and Ascension Seton Southwest Hospital.
CBRE Vice Chair Chris Bodnar, Vice President Cole Reethof and Executive Vice Presidents Brannan Knott and Brandy Spinks, along with Senior Vice President Scott Carter, brokered the deal.
Earlier this year, BGO and Anchor Health Properties acquired Seymour Plaza, a 40,785-square-foot medical outpatient facility in Montclair, N.J., marking the joint venture’s second deal. The two firms first partnered in 2024 for the purchase of a 70,418-square-foot building in Sarasota, Fla.
MOB sector remains strong
Occupancy remains exceptionally high across the medical office building sector, consistent with broader medical office real estate trends showing sustained investor confidence and low vacancy rates nationwide. Strong tenant retention, paired with a limited development pipeline, continued to support healthy rent growth. The sector outperformed in 2025 as investors leaned into its reliable returns and resilient cash flows.
Looking ahead, industry experts broadly expect the sector to maintain its steady performance in 2026, driven by continued expansion of outpatient facilities and ambulatory surgery centers. The medical investment activity is also set for a major scale boost: Remedy Medical Properties and Kayne Anderson Real Estate are slated to close a $7.2 billion transaction next year, which will add 18 million square feet to their combined medical office portfolio.
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