Healthcare Advisory Team to Oversee 21 Assets in Georgia, Alabama, and Tennessee
August 05, 2019
Atlanta – Transwestern Commercial Services (TCS) today announces the expansion of its Healthcare Advisory Services team’s exclusive leasing, property management, and construction management assignment for a medical office portfolio owned by healthcare real estate investment trusts co-sponsored by American Healthcare Investors LLC. In addition to the original 15 assets totaling 444,167 square feet in Atlanta, the team will provide services for six other properties. The 21-asset assignment now spans 780,011 square feet with an overall occupancy of 88%.
The TCS team of Senior Managing Director Steve Hall, Senior Vice President John V. Lopez, and Analyst Bo Stuart will provide leasing services for the entire portfolio, while Senior Director Russell Lipscomb’s team will handle property management on behalf of the owners.
“Growing demand for healthcare services is underscored by the anticipation for U.S. residents aged 65 and older to comprise 17% of the of the nation’s total population by 2020,” said Hall. “Despite decreasing vacancy rates in the sector, new medical office inventory is scarce. By working closely with the REITs and American Healthcare Investors as they reinvest in the portfolio, we plan to reposition the assets to meet the demand for high-quality, well-located space in the respective areas.”
The newly assigned properties include:
- Three medical office buildings totaling 217,395 square feet in Cullman, Alabama;
- A 29,969-square-foot medical office building in Homewood, Alabama;
- A fully occupied 42,774-square-foot medical office building in Sylacauga, Alabama; and
- A 45,706-square-foot medical office building in Mount Juliet, Tennessee.
ABOUT TRANSWESTERN COMMERCIAL SERVICES
Transwestern Commercial Services (TCS) is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service and innovative client solutions. Applying a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global organization adds value for investors, owners and occupiers of all commercial property types. We leverage market insight and operational expertise from across the Transwestern enterprise, which includes firms specializing in development and real estate investment management. TCS has 34 U.S. offices and assists clients from more than 200 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore. Experience Extraordinary at transwestern.com and @Transwestern.