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MAY 10, 2019

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Flagship Healthcare Properties acquires medical office portfolio

by Released

Flagship Healthcare Properties, a Charlotte, N.C.–based healthcare real estate firm, has announced its acquisition of a 121,741-square-foot portfolio featuring six class A medical office buildings in the Charlotte metropolitan area. Three of the medical office buildings are located in Concord, N.C., with the remaining three in Kannapolis, China Grove, and Locust.

The portfolio, which is 91 percent occupied, is anchored by Cabarrus Family Medicine, part of Atrium Health. The network of family practices and its sub-specialty offices, including sports medicine, orthopedics and rehabilitation, leases more than 75 percent of the total square footage. Atrium Health is one of the leading healthcare organizations in the Southeast and one of the most comprehensive, not-for-profit systems in the country.

Flagship Healthcare Trust, F

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