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Anchor Health, Morgan Stanley Acquire Trio of MOBs Totaling 250K SF
Anchor Health Properties formed a joint venture with a Morgan Stanley Real Estate Investing advised fund to acquire three East Coast Class A medical office buildings.
The acquisitions include two MOB’s on the campus of Doylestown Hospital in suburban Philadelphia totaling nearly 150,000 square feet (pictured above). Doylestown Hospital leases the majority of the space on long-term leases.
The other asset is a roughly 100,000-square-foot campus-adjacent MOB in Matthews, NC, which sits next to Novant Health’s Matthews Hospital campus. The fully-leased Adbel Plaza building at 1401 Matthews Township Pkwy. (pictured below) is primarily leased to Novant Health, with some additional space leased to Atrium Health.
Anchor Health Properties’ Ben Ochs says, “establishing this joint venture has allowed us to acquire three best-in-class investments in two of the highest profile U.S. markets, with a very long-term investment mindset.” He noted the investments complement its existing programs with the Carlyle Group and Chestnut Healthcare Partners.
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