FLAGSHIP HEALTHCARE PROPERTIES COMPLETES FIRST GEORGIA ACQUISITION
ROME, GA – February 20, 2017 – Flagship Healthcare Properties has made its first acquisition in the state of Georgia, acquiring Riverbend Medical Center in Rome, GA. This Class A, 41,000 square foot medical office building is located at 15 Riverbend Drive and joins the growing Flagship Healthcare Real Estate Fund II portfolio.
The property is master-leased by Northwest Georgia Medical Clinic and is conveniently situated less than 1.5 miles from Floyd Medical Center where the physicians of The Clinic perform inpatient procedures, newborn deliveries and maternity care.
”Flagship Healthcare Properties is pleased to partner with the premier provider of OB/GYN and maternity care in Northwest Georgia”, said Russell Brown, Senior Vice President of Investments with Flagship Healthcare Properties. “We are happy to complete this sale-leaseback transaction for the doctors of Northwest Georgia Medical Clinic and our investors.”
Dixon Freeman, M.D. of Northwest Georgia Medical Clinic adds, “We are excited to enter into this strategic relationship with Flagship Healthcare Properties as the organization expands for the first time into Georgia.”
Flagship Healthcare Properties will provide asset management services for the asset.