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Lincoln, PGIM expand outpatient medical portfolio with Banner-anchored Phoenix acquisition
Transactions - SEPTEMBER 10, 2026

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Lincoln, PGIM expand outpatient medical portfolio with Banner-anchored Phoenix acquisition

by Released

Lincoln Property Co., a global, full-service real estate firm with more than $31 billion of assets under management, and PGIM, the global investment management business of Prudential Financial, announced the acquisition of Surgery Center of Gilbert, located in metro Phoenix’s East Valley submarket.

Totaling 13,957 square feet, Surgery Center of Gilbert is a purpose-built, single-tenant ambulatory surgery center occupied and operated by a partnership of Banner Health, Atlas and physician surgical partners. The property is secured by a long-term lease to Banner and its surgical partners.

Banner Health is one of the largest nonprofit health systems in the United States, including a network of more than 20 ambulatory surgery centers across greater Phoenix.

A best-in-class outpatient surgical facility, Surgery Center of Gilbert includes five operating rooms, six pre-op rooms and multiple post-anesthesia care unit rooms supporting phase 1 and phase 2 care. Collectiv

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