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Stonemont Financial Group Grows Healthcare Platform with Two Acquisitions in Georgia
Stonemont Financial Group announced it closed on the acquisition of two oncology centers occupied by Northside Hospital in Greensboro and Hawkinsville, GA.
The properties include an 11,271-square-foot comprehensive cancer treatment center at 1000 Cowles Clinic Way in Greensboro in the Lake Oconee community, and a 10,212-square-foot medical office building on the Taylor Regional Hospital Campus in Hawkinsville. Both buildings are fully occupied by Northside Hospital Cancer Institute.
Stonemont has plans to implement a capital improvement plan on the exterior of the buildings, which will increase the longevity of the properties for the tenant. Work will be completed within the next year.
“These acquisitions continue our strategy to grow our healthcare real estate portfolio and strengthen our partnership and alignment with Northside Hospital. We look forward to supporting Northside in its delivery of healthcare services at these facilities,” said Matt Stone, senior vice president of development and acquisitions at Stonemont.
- ◦Sale/Acquisition