CHARLOTTESVILLE, Virginia and MEDIA, Pa., September 26, 2022 /PRNewswire/ — StepStone Real Estate (“SRE”), the real estate arm of private markets investment firm StepStone Group Inc. (NASDAQ: STEP), has made a significant strategic equity investment in Anchor Health Properties ( “Anchor”), a premier healthcare property owner, manager and developer across United States. The investment was made through a separate account managed by SRE on behalf of a large international pension fund client. Of the June 30, 2022SRE supervised US$168 billion in global real estate capital allocations for its sponsors and clients. Anchor intends to use this investment to fund the platform’s future growth, as well as improve its balance sheet and credit reserves. Anchor Health Properties continues to be the majority owner and managing member of the operating platform.
“SRE’s commitment to partner with Anchor will help us manage and accelerate future growth in the years to come.”
“Engaging one of the world’s largest institutional investors to partner with the Anchor platform will help us manage and accelerate future growth in the years to come,” said Ben Ochs, CEO of Anchor. “We believe Anchor and SRE share a similar cultural fit, long-term ownership mindset, appropriate risk-adjusted decision-making, and a vision to facilitate best-in-class healthcare services through our healthcare facilities. through United States. We are excited about this next chapter in Anchor’s growth as we continue to “pursue better healthcare through real estate solutions” across our three core service lines. »
James Schmidthe company’s chief investment officer said, “At the start of 2022, Anchor assessed the potential to improve the company’s balance sheet and prepare for the platform’s next stage of growth. We had the opportunity to meet a wide range of equity and debt capital investors across the world and assess the potential for partnering with strategic growth capital as we continue to expand our development, management and reach and capabilities well-positioned to take advantage of outsized returns for investors as these opportunities arise. Additionally, we are excited to benefit from SRE’s knowledge of global capital flows and dynamic approaches to investment. business execution.
John WatersSRE partner and Head of Investments, added, “We came to know Anchor while we were evaluating the best partners with whom to make a strategic investment in the U.S. healthcare real estate industry. We believe our recapitalization of Anchor will help them achieve their growth goals and significantly improve their operating platform going forward.”
Ted FlagSenior Managing Director of JLL Securities, facilitated a targeted investor process to help Anchor evaluate equity and debt options for investment in the platform during 2022. Mr. Flagg added, “JLL Securities is delighted for representing Anchor in finding the right investor for the platform’s long-term growth After reviewing a significant number of different and attractive proposals from domestic and international investors, JLL worked with Anchor to determine the best strategic fit with a partner who shared a similar approach to investing, including a long-term investing mindset and an ongoing commitment to providing exceptional healthcare real estate services.”
Anchor Health Properties was advised on the legal elements by Goodwin & Proctor LLP during the transaction process. SRE was advised by Latham & Watkins LLP. Jones Lang LaSalle Securities provided financial advisory services to Anchor Health Properties for the transaction.
About Anchor Integrity Properties
Anchor Health Properties is a full-service national healthcare real estate development, management and investment company serving investors and healthcare systems. Leveraging our collective experience and resources, our team of agile, thoughtful professionals develops and delivers customized, client-specific solutions to meet today’s healthcare challenges – thinking outside the “doctor’s office”. With over $1.5 billion development projects completed, nearly 9M square feet under management, and nearly $3 billion invested in stabilized healthcare facilities, Anchor continues to create a better healthcare experience for patients and a competitive advantage for our customers. Anchor has several offices nationwide and has more than 100 professionals in its ranks. Today’s healthcare demands not only new, more efficient ways of delivering healthcare services, but also a different kind of healthcare real estate company. For more information, please visit: www.anchorhealthproperties.com.
CONTACT: Rachael Hall, Anchor Health Properties
[email protected]; 434-293-8004
See original content to download multimedia: https://www.prnewswire.com/news-releases/stepstone-real-estate-to-make-a-significant-investment-in-anchor-health-properties-301632686.html
SOURCE anchor integrity properties