BGO and Anchor Health Properties strengthen their joint venture, acquiring 40,000+ sq. ft. medical outpatient building in MSA New York
New York (April 29, 2025) – BGO, a global real estate investment manager and advisor, and Anchor Health Properties, a national, full-service healthcare real estate development, management, and investment company focused exclusively on medical outpatient buildings and specialty healthcare facilities, today announced the acquisition of Seymour Plaza. The Class A, 2-storey, 40,785 sq ft, medical outpatient building in the Montclair, New Jersey submarket of the New York City MSA represents the second joint venture acquisition for the firms and expands their footprint in a region where demand for high-quality outpatient care continues to rise.
Strategically located at 1 Seymour Street, the Summit Health Montclair Hub features close proximity to Hackensack Meridian Mountainside Center, a 193-bed acute care hospital. Built in 2021, the facility was built to spec for Summit Health, one of the largest well-established independent provider groups nationwide and now part of VillageMD. Designed as a comprehensive multi-specialty hub, Seymour Plaza offers a wide range of services, including allergy and immunology, audiology, ENT, lab, OBGYN, pediatrics, primary care, bariatric surgery, colorectal surgery, general surgery, imaging, orthopedics, podiatry, pulmonology, and thoracic surgery. The property features more than 60 exam rooms supporting multiple service lines, and a five-story parking garage provides convenient on-site parking for patients and visitors.
“We are pleased to partner with the Anchor Health team, whose specialized expertise in the medical office sector aligns seamlessly with BGO’s strategy of acquiring high-quality outpatient medical office buildings in affluent, high-growth markets,” said Dara Friedman, Managing Director and Portfolio Manager, BGO. “With our U.S. medical office portfolio nearing $400 million in AUM, this joint venture strengthens our presence in the sector and supports our mandate to deliver long-term value to investors across the breadth of BGO’s investment strategies.”
“Adding this asset to our portfolio reinforces our strategic focus on high-quality, mission-critical outpatient facilities in top-performing markets, such as the New York MSA,” shared Elliott Sellers, Senior Vice President, Investments & Partner. “We are proud to align with leading providers, such as Summit Health and support their mission of delivering exceptional patient-centric care across the region. As capital markets continue to stabilize, our ability to strategically source and close on high-performing outpatient assets underscores both our conviction in the sector and our strong execution capabilities.”
The CBRE team of Jeffrey Dunne, Doug Rodio and Travis Langer in collaboration with Brannan Knott and Chris Bodnar of CBRE’s U.S. Healthcare Capital Markets represented the seller. Anchor Health Properties will provide go forward asset and property management services to the joint venture for this investment.
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, 2024) 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
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
Media Contacts
Rachael Hall
Director of Marketing & Communication, Anchor Health Properties
P: 410-310-9824 | E: rhall@anchorhealthproperties.com
Rahim Ladha
Global Head of Communications, BGO
media@bgo.com
