Anchor Health Properties Expands Footprint in Northern California with Acquisition of 106,018 Square Feet in Bay Area



Anchor Health Properties (Anchor), a national healthcare real estate development, management and investment company focused exclusively on healthcare facilities, recently acquired a 106,018-foot Class A medical office building square on three floors in the Burlingame submarket of San Francisco, California. The newly renovated asset was acquired through a joint venture with an existing institutional partner and includes a five-story parking garage with convenient access to each floor of the building. This project will be the first of several planned investments for Anchor in the San Francisco MSA, which is a new market for the company as it continues its large expansion in the western United States.

Strategically positioned in the Mid Peninsula region between San Mateo and San Francisco, 1720 El Camino Real is adjacent to the Mills-Peninsula Medical Center at Sutter Health, a 242-bed hospital, and is manned by a highly synergistic mix of tenants. with a strong presence of cross references and affiliations with the main healthcare systems and hospitals in the market. In addition, the continued growth of the adjacent hospital will result in increased demand for nearby Class A specialist care spaces.

The region is characterized by a shortage of space for medical practices as new developments are all the rage in life sciences and residential real estate. Anchor intends to continue the redevelopment progress of the previous property with significant updates to several common areas. The Anchor Development Platform will lead the building’s redevelopment efforts.

The building’s primary tenants include Sutter Health (Moody’s A1), a well-established regional not-for-profit health system that operates 24 hospitals and more than 200 clinics in northern California, and Stanford Children’s Health (Moody’s Aa3) , the largest healthcare system dedicated to children and pregnant women with a state-of-the-art 605-bed children’s hospital, cancer center and numerous outpatient clinics in the San Francisco area. A site critical to Sutter Health’s mission, specialist services there include endoscopy, orthopedics, gastroenterology and optometry. Complementary pediatric and obstetrical services are offered by Stanford Children’s Health. Additional rental includes DaVita Dialysis and several local groups of sole-sourced physicians.

“We are delighted to finally launch our platform efforts in the San Francisco market and expand our broader footprint in Northern California with this top notch and much sought after acquisition,” said James Schmid, Chief Investment Officer and Managing Partner of Anchor. . “This asset represents our continued investment drive and our focus on a dynamic healthcare market where we are looking to grow. The El Camino Real establishment meets important investment criteria, including the proximity to a large hospital campus and the high demand from local healthcare providers where we have the opportunity to build a long-term relationship. with respected names in health care in the United States, such as Sutter Health and Stanford Children’s Health. “

Echoing comments from Mr Schmid, Ilya Hvostikov, who led the acquisition process on behalf of Anchor’s investment team, also noted: As we focus on building win-win relationships- long-term winner with local and regional physician groups, we are excited about every opportunity to help our tenant physicians get the most out of their medical field and look forward to many more such opportunities with Sutter Health and Stanford Children’s Health. “

Steven Golubchik, head of Newmark’s Northern California Capital Markets, Senior Managing Director Seth McKinnon and Executive Managing Director Ben Appel provided advisory services on behalf of the vendor. As the new owner of the facility, Anchor Health Properties will also provide asset management, property management and rental services at this location in the future.

About Anchor Integrity Properties

Anchor Health Properties is a national healthcare real estate development, management, rental and investment service serving investors and healthcare systems. Anchor takes a strategic approach to navigate the fiercely competitive healthcare market, considering multiple angles, such as retail drivers, customer experience, branding, and project effectiveness . We develop and manage projects across the United States that respond to the new landscape of employed physicians, team-based care, the need to optimize assets and reduce duplication, and the integration of care and technology. . Anchor manages and leases seven million square feet of medical office space, including many projects under construction. Anchor has several offices nationwide and has over 80 professionals in its ranks. Over the past five years, Anchor Directors have acquired and / or developed more than $ 3 billion in medical real estate across the country. Healthcare today calls not only for new and more efficient ways of delivering outpatient services, but also for a different kind of healthcare development and management society. For more information, please visit: www.anchorhealthproperties.com.


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