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Healthcare Real Estate Bulletin

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Healthcare Real Estate Bulletin Brackett Flagship Properties HEALTHCARE REAL ESTATE BULLETIN Fourth Quarter 2015 BFP TO PARTNER WITH CAROMONT HEALTH FOR NEW 50,000 SF CORPORATE OPERATIONS CENTER INSIDE In today’s competitive environment, leading within the healthcare/hospital culture”. THIS ISSUE: healthcare systems are increasingly looking CaroMont Health is a regional health for ways to improve operational efficiencies. system based in Gastonia, NC that provides USAA Venture Continues to Optimizing the use of space to realize the innovative medical and wellness services. Grow Portfolio with Fourth highest and best use of a system’s real estate Their vast network of care locations includes Quarter Acquisitions ....................2 assets presents a huge opportunity for many CaroMont Regional Medical Center, a hospital systems as they continue to evolve nationally recognized, not-for-profit, 435-bed News from the Office .................2 and realign under the Affordable Care Act. acute care hospital. “We couldn’t be more The Brackett Flagship team is excited excited about the opportunity to work with New Hires, Promotions, and to be working with CaroMont Health to CaroMont” said Thorn Baccich, Vice President Professional Recognition ...........3 provide space planning, development and of Development. “At the end of the day, our construction management services for a value to a healthcare system is really only Flagship HealthCare Real Estate new corporate operations center. The new measured in terms of our ability to help Fund Finishes Year Strong .........3 building is planned for the corner of New the system improve patient care. Working Hope Road and Court drive near CaroMont with CaroMont to put multiple service lines CHS Inks Lease at Eastover Regional Medical Center. It will be owned into an efficient work environment while Medical Park III ..............................4 by CaroMont Health and 100% occupied by freeing up valuable space in the hospital is BFP Sponsors Parkinson’s corporate service functions of the Hospital an opportunity for us to play a meaningful Awareness Luncheon..................4 System. The 50,000 square foot, two story role in improving the overall quality of facility is planned to house departments healthcare services in our community.” In including Finance, Human Resources and addition to Brackett Flagship, the project Public Affairs, among others. “Brackett team includes FMK Architects, American Follow us on social media: Flagship is a very well qualified office Engineering as civil engineer and Elm development company” said Lee Nester, Engineering as mechanical, electrical Director of Property Management for and plumbing engineer. Space @BFP_CRE CaroMont Health, “but what really sets them planning for the new building apart is their depth of healthcare knowledge is underway and delivery is Brackett Flagship and awareness of sensitivities unique to targeted for 2017. Properties, LLC planning for, and implementing change BrackettFlagship Brackett Flagship Properties, LLC 2701 Coltsgate Road, Suite 300 Charlotte, North Carolina 28211 P. 704-442-0222 | F. 704-367-0196 | www.brackettflagship.com Healthcare Real Estate Bulletin | 1 USAA VENTURE CONTINUES TO GROW PORTFOLIO WITH FOURTH QUARTER ACQUISITIONS In early 2015, Brackett Flagship Properties partnered with USAA Real Estate Company in a joint venture to acquire healthcare real estate property with a focus on the southeastern US. high-quality, others. The additional 112,000 SF brings institutional the current portfolio to 315,000 SF, located medical assets in eight cities throughout North Carolina, in primary South Carolina, and Tennessee. BFP 701 Med Tech Parkway and secondary performs property management, leasing, markets and asset management for the portfolio. Brackett Flagship Properties’ joint venture throughout the Southeast. Both new with USAA Real Estate Company continued assets are well-located in strong medical its growth in the second half of 2015 with markets and boast a historical occupancy the acquisition of 701 Med Tech Parkway rate of 100%. in Johnson City, TN and 2025 Frontis Plaza in Winston Salem, NC. These acquisitions The buildings include an impressive increase U.S. Flagship MOB’s current mix of tenants, including Duke Health, portfolio to nine properties. The two Novant Health, Digestive Health, East Class A properties are examples of the Tennessee Ambulatory Surgery Center, venture’s objective to develop and acquire & East Tennessee Brain & Spine, among 2025 Frontis Plaza NEWS FROM THE OFFICE 2015 has been a productive year for BFP, and we’d like to take time this holiday season to reflect on what is most important in our lives. We are very thankful for all of our clients, investors, tenants and everyone we have the privilege to work with each day. We also asked our team to share what they are thankful for, and below are some of their responses. “I am thankful for our forefathers and the courage and wisdom they had in creating our country. I am equally thankful for our men and women in harms’ way that strive to keep us free”. Downie Saussy “I am thankful for the wonderful people who work at BFP and being able to see them almost every day”. Diane Rivers “I am Thankful for my family, my three children, and my beautiful granddaughter”. Jeff Pace “I am thankful for the friendships that I have made at work that will last a lifetime”. Jen Burns “I am thankful for my family who support my efforts as a working Mom”. Tiffany Slayden “I am thankful the opportunity to have a wonderful job at an amazing company which allows me to support my little family”. Sara Bullard “I am thankful for the Clemson Tigers’ undefeated season”. Reed Griffith “I am thankful for the opportunity to join the BFP family, and for the birth of my second child, a healthy daughter, Aline.” Joli Blanks 2 | Brackett Flagship Properties, LLC NEW HIRES, PROMOTIONS, AND FLAGSHIP HEALTHCARE REAL PROFESSIONAL RECOGNITIONS ESTATE FUND FINISHES YEAR STRONG Lauren Tucker joined BFP as our Facility Services Coordinator, working closely with our tenants and maintenance technicians. Her primary role is to oversee our work order system and to act as the point of contact for all tenants to ensure optimal Central Piedmont Surgery Center customer service for all tenant requests. Prior to joining BFP, Lauren spent 10 years in the commercial mortgage servicing The Flagship Healthcare Real Estate Fund is pleased to field, primarily focusing on commercial mortgage backed announce its 12th and 13th acquisitions to the fund, bringing security reporting and relationship management with closure to a very vibrant year. The Fund acquired the real investors for BB&T and Bank of America. Lauren is a Clemson property that houses Central Piedmont Surgery Center in University graduate and recently went skydiving with her Asheboro, North Carolina, a 7,341 square foot ambulatory husband to celebrate their wedding anniversary. We’re glad surgery center that is leased by Randolph Hospital. The she’s back in one piece. surgery center is an important part of Randolph Hospital’s surgical services offerings in the Greater Randolph County Drew Ervin Region. “We are excited to be partnering with Randolph recently joined BFP Hospital on their surgery center and look forward to as a Maintenance expanding that relationship next year”, says Gordon Engineer, and is Soderlund, EVP of Strategic Relationships for BFP. responsible for the daily operations and maintenance of our growing portfolio of medical and office properties. The majority of his portfolio is located in the SouthPark, Midtown, Harrisburg and University submarkets. Drew comes to BFP from Archer Controls and has over 25 years of experience in the electrical field. In his spare time, Drew is the guitar player and singer in a band called Bout Tym. Lange Eye Institute Additionally, the Fund acquired the 21,384 square foot Lange Eye Institute in The Villages, Florida, marking the Fund’s first investment in Florida. The fully leased medical and Happy Holidays! professional office building is located in The Villages; a master On behalf of everyone at Brackett Flagship planned age-restricted community, the fastest growing city in the United States. The building contains a diverse mix of Properties, we are thankful for your business tenants including podiatry, ophthalmology, chiropractic and and our continued relationship. May you and dental practices. “We are thrilled for our first acquisition in your family have a wonderful holiday season Florida to be in The Villages for all the obvious reasons”, said and a healthy 2016! Russell Brown, VP of Investments for BFP. BFP will provide asset and property management services for the building and its tenants. Healthcare Real Estate Bulletin | 3 CHS INKS LEASE AT EASTOVER LEADERSHIP CONTACTS MEDICAL PARK III Diane Rivers Brackett Flagship Managing Partner Properties is D. 704-749-7270 pleased to have M. 704-579-1298 represented [email protected] the Landlord of Eastover Charles Campbell Medical Park III, Managing Partner located at 2630 D. 704-971-4849 E. Seventh Street M. 704-724-6911 in the midtown [email protected] submarket of 2630 E 7th Street Charlotte, NC Charlotte, in Brannen Edge the recent lease with Carolinas Physicians Network, an affiliate President and COO of Carolinas Healthcare System. The System leased 19,428 D. 704-971-8902 square feet on a long term lease, bringing the building to 100% M. 704-287-3333 occupancy. The space will be the new home for Carolinas Weight [email protected] Management & Wellness Center, who will open in June 2016. BFP provides leasing and property management services for the Reed Griffith 48,834 square foot, Class “A” MOB. Partner, Leasing and Brokerage D. 704-971-8908 M. 704-619-0473 BFP SPONSORS PARKINSON’S [email protected] AWARENESS LUNCHEON Joe Shull BFP is proud to have Partner, Director of Property participated as a sponsor Management for the 2015 Parkinsons D. 704-749-7272 Awareness Luncheon, M. 980-254-6701 recently held on October [email protected] 22, 2015 at Quail Hollow Country Club.
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