MedProperties, Anchor Health Acquire MOB Portfolio in MD

MedProperties’ newest investment, the Shady Grove Medical Office Building portfolio in Rockville, MD, represents the company’s first acquisition in its newly-launched MedProperties Fund III LP and its first joint venture with Virginia-based Anchor Health Properties. The JV closed on the acquisition of the two adjacent MOBs at 15001 and 15005 Shady Oak Grove Rd.

The anchor tenant and original sponsor of the transaction is Capital Digestive Care (CDC), a leading regional physician group. The total acquisition price for the nearly identical 52,167- and 51,689-square-foot buildings was approximately $31 million.

“The Shady Grove MOBs are located in one of the premier medical and health sciences corridors in the area, and are close to some of the nation’s largest biotech and health sciences companies and the 321-bed Adventist HealthCare Shady Grove Medical Center,” says MedProperties’ Darryl Freling.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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MedProperties, Anchor Health Acquire MOB Portfolio in MD

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National CRE News In Your Inbox.

MedProperties, Anchor Health Acquire MOB Portfolio in MD

Inside The Story

About Dennis Kaiser