Flagship Healthcare Properties Acquires Medical Office Building in Columbia, SC

Healthcare real estate firm expands South Carolina presence with Columbia acquisition

CHARLOTTE, N.C. (October 28, 2020) – Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, is pleased to announce the acquisition of a Class A medical office building and ambulatory surgery center (“the Property”) in Columbia, South Carolina.

The 31,697-square-foot building was built in 2007 on 2.96 acres and is 100% leased to Columbia Nephrology, Fresenius Medical Care, and Fresenius Vascular Care. Columbia Nephrology is the largest kidney specialty practice serving the Midlands of South Carolina since 1980. Fresenius Medical Care, together with Columbia Nephrology, offers hemodialysis, peritoneal dialysis and home dialysis training to renal failure patients. Fresenius Vascular Care provides a full range of diagnostic and therapeutic procedures for dialysis access management and intervention and is the only outpatient vascular access center in the Midlands.

The Property is located inside the 24-acre Park Central Medical Office Park and within a mile from the Prisma Health Richland Hospital campus, the largest and most comprehensive integrated health care system in the South Carolina Midlands region.

“This represents the second acquisition in the Columbia market for us within the last year. The property’s location in a medical park with close proximity to Prisma Health Richland Hospital makes this a highly desirable healthcare destination,” says Gerald Quattlebaum, executive vice president of acquisitions. “Anchored by one of the state’s largest nephrology practices, along with one of the nation’s largest provider of dialysis services, this property serves patients both near and far in need of this specialized level of care.”

Flagship acquired the MOBs through its private real estate investment trust, Flagship Healthcare Trust, Inc. (Flagship REIT). As the new owner of the buildings, Flagship will provide asset management and property management services.

Financing for the acquisition was provided by Atlantic Union Bank.