{"id":1004696120,"date":"2024-01-03T03:56:04","date_gmt":"2024-01-03T11:56:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004696120"},"modified":"2024-01-03T05:00:46","modified_gmt":"2024-01-03T13:00:46","slug":"anchor-health-jv-pays-62m-for-mob-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/anchor-health-jv-pays-62m-for-mob-portfolio\/","title":{"rendered":"Anchor Health JV Pays $62M for MOB Portfolio"},"content":{"rendered":"
\"The<\/a>

The Auburn, Wash., facility is part of the MultiCare Auburn Hospital Campus. Image courtesy of Newmark<\/em><\/p><\/div>\n

Anchor Health Properties<\/strong>, in a joint venture with Australian Retirement Trust<\/strong>, has acquired a three-property medical office portfolio in the Seattle and Charlotte, N.C., markets for $62 million. Newmark<\/strong> facilitated the transaction.<\/p>\n

Known as the Novant & MultiCare On-Campus collection, the portfolio comprises a total of 166,000 square feet, and was 94 percent occupied at the time of the sale. The properties are within regional and flagship hospital campuses, providing a variety of medical services, including primary care, orthopedics, cardiology, pediatrics, heart and vascular, physical therapy, neurology, oncology, cardiac rehabilitation, OB\/GYN, bariatrics and urology.<\/p>\n

\n

READ ALSO:<\/strong> Medical Office Real Estate Trends to Watch in 2024<\/a><\/p>\n

\n

Anchor Health Properties has more than 9 million square feet of health-care real estate assets under management and it continues to add to its portfolio at a rapid pace. Recently, the firm broke ground on a 100,000-square-foot medical office center<\/a> in Peoria, Ariz.<\/p>\n

Part of medical campuses<\/h2>\n

The Novant & MultiCare On-Campus portfolio includes a 41,000-square-foot MultiCare Health System property in Auburn, Wash., and two Novant Health outpatient facilities: An 89,000-square-foot building in Matthews, N.C., and a 36,000-square-foot medical office building in Charlotte.<\/p>\n

Located at 202 N. Division St., with access to U.S. Route 18, the Auburn facility is some 26 miles south of downtown Seattle. The property is surrounded by other medical providers, including Auburn Regional Medical Plaza and Franciscan Medical Group.<\/p>\n

The Matthews facility is adjacent to the Novant Health Matthews Hospital Campus at 1500 Matthews Township Parkway, 12 miles from downtown Charlotte. The third asset in the portfolio is located on the Novant Health Presbyterian Hospital Campus at 200 Hawthorne Lane, less than 2 miles from downtown Charlotte.<\/p>\n

The Newmark team that brokered the deal included Executive Managing Director Ben Appel, Senior Managing Directors Jay Miele, John Nero and Michael Greeley, Associate Director Ron Ott and Associate Conor Hilton, alongside Vice Chairman Bert Sanders and Senior Managing Director Cavan O\u2019Keefe.<\/p>\n","protected":false},"excerpt":{"rendered":"

Newmark facilitated the transaction involving 166,000 square feet across two states.<\/p>\n","protected":false},"author":2829,"featured_media":1004696123,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21783,21754,21742,1610,32781,15],"tags":[36946,50999],"class_list":["post-1004696120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charlotte","category-investment","category-medical-office","category-latest","category-seattle","category-southeast","category-west","tag-anchor-health-properties","tag-newmark"],"acf":[],"yoast_head":"\nAnchor Health JV Pays $62M for MOB Portfolio - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Anchor Health Properties and Australian Retirement Trust paid $62 million for a three-asset medical office portfolio in Charlotte and Seattle.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/anchor-health-jv-pays-62m-for-mob-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Anchor Health JV Pays $62M for MOB Portfolio\" \/>\n<meta property=\"og:description\" content=\"Anchor Health Properties and Australian Retirement Trust paid $62 million for a three-asset medical office portfolio in Charlotte and Seattle.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/anchor-health-jv-pays-62m-for-mob-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-03T11:56:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-03T13:00:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Transactions-Anchor-Newmark-1EMainSt-AuburnWAcropped-e1704275992968.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"675\" \/>\n\t<meta property=\"og:image:height\" content=\"506\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/anchor-health-jv-pays-62m-for-mob-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/anchor-health-jv-pays-62m-for-mob-portfolio\/\",\"name\":\"Anchor Health JV Pays $62M for MOB Portfolio - 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