Funding to support continued growth in the REIT portfolio
CARLOTTA, NC, August 5, 2022 / PRNewswire / – Anchor Group, a leading international business development and investment firm, facilitated the first investment by a Gulf Cooperation Council (GCC) firm in Flagship Healthcare Trust, a private real estate investment of a Southeast and Mid Atlantic focused medical practice (REIT) trust with over 2.3 million square feet of office space and 87 properties. The GCC is a political and economic union of Arab states bordering the Persian Gulf. Its members include the United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait And Bahrain.
The investment, made by the private banking arm of a major GCC bank, is the region’s first multi-million dollar investment in the REIT and is intended to support continued portfolio growth. Flagship has established a Shariah compliant fund structure to accommodate GCC investments in the REIT. International investors can now invest in the Flagship REIT directly, through a tax-efficient blocking structure or through its Shariah compliant fund.
The demand for medical office buildings is expected to increase as healthcare spending rises the United States grows and the population of the United States continues to age. In the fourth quarter of 2021 alone, Flagship acquired 10 properties in growing areas such as Chattanooga, TN, Louisville, KyAnd Columbia, SC. In the first quarter of 2022, Flagship therefore completed the acquisition of two wholly owned subsidiaries in North Carolina total 63k square meters, plus an outpatient surgery center (ASC) a Tennessee total 14k square feet.
“Although the Flagship investment market is focused on the Southeast and the Mid Atlantic, the investment facilitated by Anchor Group demonstrates that our appeal to investors is global. The desire for current income, capital appreciation and alternative investment opportunities unrelated is not limited to the United States. Our leadership team has unprecedented knowledge and deep connections within Southeast and Mid-Atlantic health systems, ”said Flagship President and CEO J. The edge of fire III. “We are excited to welcome our new investors and are excited about the wonderful opportunities this will provide for our REIT in 2022 and beyond.”
Anchor International Investments is a leading independent fund distributor based in Swissidentifying non-core asset managers on behalf of institutional investors and a long-standing partner for asset managers seeking to establish and grow an investor base within Swiss and beyond. Founded in 2007, Anchor Group has been a partner for growth, internationalization and innovation. Anchor’s main activities concern capital raising, cross-border business development, as well as corporate venturing and direct investments.
Information on leading healthcare properties
Flagship Healthcare Properties, LLC (Flagship) is a fully integrated outpatient healthcare real estate company serving clients in the Southeastern and Southern Mid-Atlantic United States. Based in Charlotte, North CarolinaFlagship offers a full range of real estate services including investment and capital solutions, development, real estate sales, leasing and marketing, as well as facilities, ownership and wealth management. Flagship manages over 5.1 million square feet of sanitary properties in over 220 properties serving more than 530 tenants. Flagship serves as the manager of its own private REIT, Flagship Healthcare Trust, Inc. For more information, visit www.FlagshipHP.com.
About Flagship Healthcare Trust
Flagship Healthcare Trust, Inc. (Flagship REIT), is a private real estate investment trust that owns clinical health assets in the United States. Flagship REIT holds interests in over 87 health care facilities rated over $ 7.43 million. REIT’s current flagship portfolio includes over 2.3 million square feet of medical office space and more than 254 tenants. For more information, visit www.FlagshipREIT.com.
SOURCE Flagship Healthcare Properties, LLC