Anchor Health Properties and BGO Acquire a Newly Constructed 70,000 Square Foot Medical Outpatient Building in Sarasota, Florida

Sarasota, FL [May 8, 2024] - Anchor Health Properties (Anchor), a national, full-service healthcare real estate development, management, and investment company focused exclusively on medical facilities, and BGO, a leading global real estate investment management firm, recently closed on an off-market three story, 70,418 square foot best in class medical outpatient building in the dynamic Sarasota, Florida market through a recently launched programmatic acquisitions joint venture.

Ben Ochs, Chief Executive Officer with Anchor Health Properties, noted, “We are pleased to expand our blue chip stable of capital partners to include BGO, one of the largest and most experienced institutional investors in US commercial real estate. This new acquisitions joint venture program with BGO is a testament to the Anchor operating platform and our ability to continue to source creative, off market investment opportunities in a time of challenging capital markets.”

“This acquisition is a testament to the dedication and perseverance of our investments platform as well as our ability to be creative across the capital stack – to lean on relationships with local and regional lenders and turn what many consider a challenging market into an opportunistic one,” shared Elliott Sellers, Senior Vice President, Investments and Partner with Anchor. “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. We look forward to working with some of the preeminent clinical medical groups in the Sun Coast.”

“With this first joint acquisition, we are excited to commence our partnership with the Anchor Health Properties team and their strong track record of success in the healthcare real estate sector,” shared Kevin Yen, Principal, Investments with BGO. “This acquisition is highly complementary to BGO’s investment approach in seeking high acuity and high-quality outpatient MOBs in affluent and growth-oriented markets.”

Strategically located at 6600 University Parkway East within Lakewood Ranch, one of the largest and fastest growing master planned communities in the country, the facility is less than one mile from Lakewood Ranch Medical Center, a 120 bed hospital operated by Universal Health Services (Moody’s Baa3), and offers close proximity to HCA Florida Sarasota Doctors Hospital, a 155 bed hospital within the HCA Healthcare hospital system (Moody’s Baa3).

Built in 2020, the 100% occupied outpatient facility features a long-term, synergistic tenant ecosystem comprised of prominent local and regional providers, including Manatee Physicians Alliance, the physician arm of the Lakewood Ranch Medical Center; Advanced Surgery Center of Sarasota, a physician owned Ambulatory Surgery Center (ASC); Fresenius, the largest provider of dialysis services and products; and, Radiology Regional, one of the largest physician diagnostic imaging providers in the Southeast.

Primary care and multi-specialty outpatient care services offered at this location include family medicine, dialysis services, diagnostic imaging, pediatric radiology, pain management, dentistry, plastic surgery, behavioral health, and neurology, among others. The ASC will be built out in the near term and feature two operating rooms utilized for orthopedic, joint replacement, podiatry, and spine surgery procedures.

“This tremendous opportunity and investment is a result of targeting quality outpatient healthcare assets in key markets where we can add scale and density,” added Rob Rumer, Investments Manager with Anchor. “The attractive Sarasota MSA has a high concentration of hospital campuses, health systems, and private physician groups. Building on this, the facility has a tremendous presence within the Lakewood Ranch community and is the newest medical outpatient building in the submarket. The property is surrounded by amenities such as residential, retail, and commercial office space offering convenience for patients, providers, and visitors.”

JLL provided capital evaluation and advisory services for the asset. Anchor Health Properties will provide go forward asset and property management services to the joint venture for this investment, growing its owned and managed portfolio across the Southeastern US to more than three million square feet.

About Anchor Health Properties

Anchor Health Properties is a national, full-service healthcare real estate development, management, and investment firm serving investors and health systems. Leveraging our collective experience and resources, our nimble, and thoughtful team of professionals develop and deliver tailored, client-specific solutions to respond to today’s healthcare challenges – thinking outside the “medical office box.” With more than $2B of completed development projects, 9M square feet under management, and $3.2B invested in stabilized healthcare facilities, Anchor continues to create a better healthcare experience for patients and a competitive edge for our clients. Anchor maintains multiple offices nationwide and features more than 100 professionals in its ranks.  Healthcare today calls not only for new and more efficient ways of delivering healthcare services, but also a different kind of healthcare real estate company.  For more information, please visit: www.anchorhealthproperties.com.

About BGO

BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with approximately $83 billion USD of assets under management (as of December 31, 2023) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 27 cities across thirteen countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.

The assets under management shown above includes real estate equity and mortgage investments managed by the BGO group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.

For more information, please visit www.bgo.com

Contact:

Rachael Hall
Director of Marketing & Communication
Anchor Health Properties
P: 410-310-9824 | E: rhall@anchorhealthproperties.com