Press Releases

Healthcare Advisory Team Forecasts Growth in Demand in Tightening Medical Office Market

January 24, 2019


Atlanta – Transwestern’s Atlanta office today announces it has been named the exclusive leasing, property management, and construction management firm of a medical office portfolio consisting of 14 properties totaling 444,167 square feet in Atlanta’s burgeoning healthcare market. Transwestern’s Southeast Healthcare Advisory Services team of Senior Vice President Steve Hall, Vice President John V. Lopez, and Analyst Bo Stuart will provide leasing services, while Senior Director Russell Lipscombs’s team will handle property management on behalf of the owners, Griffin-American Healthcare REIT III Inc. and Griffin-American Healthcare REIT IV Inc., healthcare real estate investment trusts co-sponsored by American Healthcare Investors LLC

“A medical office portfolio of this size is rare in Atlanta’s high-barrier-to-entry healthcare market,” said Hall. “We will work with American Healthcare Investors and its co-sponsored REITs to revitalize the portfolio and reintroduce it to our expansive network of healthcare providers and health system relationships to drive leasing activity.”

The  portfolio features several of Atlanta’s largest healthcare systems as tenants, including Emory Healthcare, WellStar Health System, Northside Hospital Inc., and Children’s Healthcare of Atlanta, as well as institutional-level practice groups including OrthoAtlanta and Pinnacle Orthopedics. With well-located properties throughout metro Atlanta, the ownership is positioned to meet the needs of a diverse mix of users. 

“Griffin-American Healthcare REIT III and Griffin-American Healthcare REIT IV, along with co-sponsor American Healthcare Investors, comprise a strong, experienced, and committed ownership group with the drive and capital resources available to reinvest in the portfolio,” added Lopez. “We look forward to working with the REITs and American Healthcare Investors to increase the occupancy of the medical office buildings and ultimately drive revenue.”

According to the results of Transwestern’s 2019 Broker Sentiment Survey, leasing activity, tenant walk-throughs, asking rents, and development in the medical office sector are all expected to increase, as a growing and aging population, combined with technological advances, drives demand. More than 90 percent of respondents expect asking rents to be slightly higher, driven by leasing activity and an overall tightening of medical office space.

ABOUT TRANSWESTERN

Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 33 U.S. offices and assists clients from more than 219 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.

Media Contact:
Typhanie Stewart
954.873.2204
typhanie@stir-communications.com
twmediarelations@transwestern.com

Steve Hall

Senior Managing Director - Healthcare

Atlanta, Georgia

(404) 842-6560

John V. Lopez

Senior Vice President

Atlanta, Georgia

(404) 842-6562

Bo Stuart

Business Analyst

Atlanta, Georgia

(404) 842-6556

Bruce Ford

President - East Region

Atlanta, Georgia

(404) 842-6586