Anchor Health Properties & Australian Retirement Trust Acquire Medical Office Portfolio In Seattle And Charlotte For $62M

Anchor Health Properties, in collaboration with Australian Retirement Trust, has acquired a medical office portfolio consisting of three properties in Seattle and Charlotte for $62 million. The portfolio, known as the Novant & MultiCare On-Campus collection, spans a total of 166,000 square feet and comprises a MultiCare Health System property in Auburn, Washington, as well as two Novant Health outpatient facilities in North Carolina. At the time of the transaction, the portfolio boasted a high occupancy rate of 94 percent.

Summary of transaction details

• Property Type: Medical Office
• Transaction Amount: $62,000,000
• Market: Seattle & Charlotte, NC

The acquisition was made by David Anderson of the Australian Retirement Trust and Ben Ochs of Anchor Health Properties. Newmark facilitated the transaction, with Ben Appel, Bert Sanders, Cavan O'Keefe, Conor Hilton, Jay Miele, John Nero, Michael Greeley, and Ron Ott serving as the brokers.