CenterSquare invests $35m in Flagship Healthcare Trust
CenterSquare Investment Management has announced a $35 million equity investment in Flagship Healthcare Trust, a medical office private REIT with more than 2 million square feet of office space and 75 properties in the Southeast and Mid-Atlantic regions.
CenterSquare made the investment as part of its Strategic Capital platform on behalf of a Fortune 100 institutional client pension plan. The equity investment will support the robust acquisition and development pipeline of the company’s growing portfolio.
“The medical office real estate sector is enjoying both favorable secular and cyclical tailwinds, as an aging population is increasingly seeking convenient locations to access quality healthcare,” said Chad Burkhardt, managing director of CenterSquare. “Nowhere is that more pronounced than in the Southeast U.S. market, where Flagship’s leadership team leverages their strong relationships with physicians and healthcare systems and deep sector knowledge to con