Flagship and its legacy firms have completed real estate transactions valued at more than $500 million of healthcare real estate assets.
In 2018, Flagship launched Flagship Healthcare Trust (“Flagship REIT”), a private Real Estate Investment Trust that owns clinical healthcare assets in the United States. Flagship REIT came to market with interests in more than 30 healthcare properties valued at over $250 million. Flagship REIT aims to aggressively grow its portfolio through adding core-plus, value-add, and development projects in support of and in partnership with healthcare providers, allowing them to focus their capital and resources to deliver the highest quality patient care.
The REIT’s formation was primarily the result of the conversion of Flagship’s prior closed-end funds, with more than 93% of these legacy fund investors electing to convert their ownership into the REIT. The transition from a series of closed-end funds to an open-ended private REIT structure is an important milestone for Flagship.
Flagship views healthcare real estate investment and relationships as long-term in nature. The formation of Flagship REIT provides a greater alignment of interests and objectives with our investment partners, our tenants, and our employees.