Tag Archive for: gerald quattlebaum

Flagship Healthcare Properties Continues Acquisition Streak With MOB In Winter Garden

12323 W Colonial Drive 760x320

Charlotte, NC-based Flagship Healthcare Properties, an outpatient healthcare real estate firm, has acquired a newly built, Class A medical office building located in Winter Garden, Florida.

The property was acquired through Flagship Healthcare Properties‘ private real estate investment trust, Flagship Healthcare Trust. Flagship Healthcare Properties will also provide property management and asset management services for the property.

The 23,241-square-foot property, located at 12323 W Colonial Drive, is anchored by AdventHealth Well 65+, a primary care practice. The property benefits nearby hospital systems such as AdventHealth Winter Garden and Orlando Health – Health Central.

The Winter Garden area is known for its West Orange Healthcare District, a former healthcare investor that amassed more than $245 million for the community in 2022.

 “As Orlando’s population has continued to swell, bedroom communities like Winter Garden have benefited and are experiencing explosive growth with an increased need in support services such as patient-focused healthcare,” said Flagship Healthcare Properties EVP of acquisitions Gerald Quattlebaum.

 

Source:  ConnectCRE

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REIT Expanding In Florida Buys Medical Building In Polk County

250 Ave. K SW in Winter Haven 760x320

A Charlotte, North Carolina, REIT specializing in the health care industry has picked up a 27,910-square-foot office property in Polk County.

Flagship Health Care Properties’ trust paid $6.75 million for the building at 250 Ave. K SW in Winter Haven.

The building’s tenants include the Center for Retina and Macular Disease, an ophthalmic group, and Davita, a kidney care provider.

In a statement announcing the deal, Gerald Quattlebaum, Flagship’s executive vice president of acquisitions, says the population growth and a “booming” health care industry drew the company to the property — and the region.

In all, Flagship, an outpatient health care real estate firm, owns nine properties throughout the state. It has a big presence around Orlando and is expanding west.

“With an ever-growing footprint, we are very bullish on this part of the state,” Quattlebaum says in the statement.

Flagship bought the property through its REIT, Flagship Healthcare Trust, and will provide property and asset management services.

The company oversees more than 240 health care properties totaling more than 5.3 million square feet. The REIT holds interest in 93 health care properties valued at about $906 million.

 

Source:  Business Observer

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