Healthcare Real Estate Fund has acquired Harnett Health Medical Park, an 18,623 square-foot medical office building located at 803 Tilghman Drive in Dunn, North Carolina.

This is the eighth investment for the Flagship Healthcare Real Estate Fund, a private equity real estate fund affiliated with Charlotte, NC-based Brackett Flagship Properties, LLC.

Built in 2012, Harnett Health Medical Park is adjacent to Harnett Health’s 101 bed Betsy Johnson Hospital, founded in 1937. The building is fully leased by Harnett Health with tenants that include Dunn Medical Services, WakeMed Cardiology, and Harnett Health’s Wound Center. Harnett Health Medical Park benefits from its proximity to Betsy Johnson Hospital, which is owned by Harnett Health and managed by WakeMed Health, an 884-bed private, not-for-profit healthcare system.

“We’re excited to purchase Harnett Health Medical Park and look forward to working with the hospital and practices in this first class medical office facility,” said Russell Brown, Brackett Flagship Properties’ Vice President of Investments. “We believe that the property is ideally located across from Betsy Johnson Hospital and well positioned to serve the needs of the community.”

Brackett Flagship Properties, LLC was formed in 2010 through the consolidation of Diane Brackett Company and Flagship Capital Partners, LLC and their collective 40-year history. BFP provides full-service property management and leasing for more than 60 properties totaling more than 1.6 million square feet. The combined organization consists of 27 professionals with expertise in acquisitions, development, sales and leasing, asset and property management, finance and accounting.

The Flagship Healthcare Real Estate Fund invests in high quality, income-producing healthcare real estate in the Southeastern United States.

Harnett Health is a private, not-for-profit healthcare system based in Harnett County that includes the Betsy Johnson Hospital in Dunn, NC and the Central Harnett Hospital in Lillington, NC.