Chattanooga, Tenn.–based Chestnut Funds and Charlottesville, Va.–based Anchor Health Properties have launched a $100 million real estate fund, which will seek to invest in core and core-plus medical office buildings and other related healthcare real estate assets in the United States over the next four years.
Known as Chestnut Healthcare Fund II, the vehicle will be co-managed by Chestnut Funds and Anchor Health Properties, a full-service healthcare real estate company focused on the development and management of medical facilities.
The new fund builds on an existing partnership between Chestnut and Anchor, which dates back to 2015. The partnership’s initial fund, Chestnut Healthcare Fund I, raised $50 million and invested over a four-year period in 52 distinct direct or joint venture medical office acquisitions. Chestnut Healthcare Fund I is concluding its investment activity in early 2021.
“We are pleased to continue our partnership with Anchor Health
