Anchor Health Properties

What Anchor Health Properties does

Anchor Health Properties is a private, full-service healthcare real estate firm founded in 1985 and headquartered in Charlottesville, Virginia. The company operates exclusively in the medical outpatient building (MOB) and specialty healthcare facility segment, with approximately 9 million square feet of healthcare real estate assets under management across the United States. Over 40 years, Anchor has developed more than 4.5 million square feet of projects valued at over $2.2 billion and acquired healthcare properties worth $3.2 billion, ranking among the top ten healthcare real estate investors nationwide. Its services span development and owner's representation, asset and property management, investment management and dispositions, and tailored capital/structured financing solutions.

The company serves three primary customer segments: health systems and integrated delivery networks (e.g., Orlando Health, Penn Medicine, Duke Health, WakeMed, Baptist Health South Florida, HonorHealth, Bayhealth, CommonSpirit), outpatient providers and physician groups (e.g., Watson Clinic, SMIL, Summit Health), and institutional investors and lenders (BGO, StepStone Real Estate, First Citizens Bank, Regions Bank). Revenue is generated through fee-for-service development engagements, institutional-level asset management fees, property management contracts, investment management on commingled funds (now consolidated under Anchor Health Capital), and structured capital solutions. Its go-to-market is enterprise-direct, relationship-driven, and project-specific rather than transactional volume.

In January 2026, Anchor acquired a majority interest in Chestnut Funds — its long-time capital partner since 2014 — and rebranded it as Anchor Health Capital, creating a vertically integrated platform combining development, acquisition, asset management, property management, and institutional investment management. The firm maintains an employee base of 101–250, a Chattanooga office supporting the Anchor Health Capital subsidiary, and a national footprint covering the Southeast, Northeast, Midwest, West, and Southwest. Modern Healthcare named it one of the Best Places to Work in Healthcare 2025.

Name

Anchor Health Properties

Legal name

Anchor Health Properties

Website

https://anchorhealthproperties.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

101–250 employees

Short description

Anchor Health Properties is a private, full-service healthcare real estate firm founded in 1985 that develops, acquires, and manages medical outpatient buildings and specialty healthcare facilities for health systems, outpatient providers, and institutional investors across the United States.

Ownership category

akta.pro rank

Product category

Healthcare Real Estate

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532), Investment Advice (6282)

akta.pro primary industry

Healthcare & Senior Housing Real Estate Asset Management (BPAJAMAH)

akta.pro secondary industries

Healthcare & Medical Office Property Management (BPAJAGAF), Healthcare & Medical Office Brokerage (BPAJABAF)

Keywords

• Healthcare real estate
• Medical outpatient buildings
• Healthcare property development
• Healthcare asset management
• Medical office investment

Headquarters

HQ city

Charlottesville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Development Services: Fee-for-service development model providing comprehensive design, construction oversight, and project management for healthcare facilities. The company serves as developer and owner's representative for health system clients.
2. Asset Management: Institutional-level asset management services for healthcare real estate portfolios, maximizing value, strengthening tenant relations, and achieving occupancy growth.
3. Property Management: Hands-on property management services providing responsive and personal attention to healthcare facility operations.
4. Investment Management (Anchor Health Capital): Investment management through commingled funds, direct investments, and co-investment opportunities in healthcare real estate. Pursues income-oriented assets and capital preservation objectives.
5. Capital Solutions/Structured Financing: Tailored financial solutions providing capital alignment for healthcare projects, helping minimize health system balance sheet and income statement impact.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Anchor Health Properties is a full-service healthcare real estate development, management, and investment firm focused exclusively on medical outpatient buildings and specialty healthcare facilities. The company develops, acquires, owns, and manages medical outpatient real estate; provides institutional-level asset and property management across approximately 9 million square feet; structures capital solutions and joint ventures with institutional equity partners; and operates an investment management subsidiary (Anchor Health Capital) that manages commingled funds, direct investments, and co-investments in healthcare real estate.

Product overview

Anchor Health Properties is a full-service healthcare real estate company focused exclusively on medical outpatient buildings and specialty healthcare facilities. With 40 years of experience and approximately 9 million square feet under management, the company operates an integrated platform combining development, asset and property management, investments, and capital solutions. The company has developed more than 4.5 million square feet of projects valued at over $2.2 billion and acquired healthcare properties worth $3.2 billion. Through its Anchor Health Capital subsidiary (formerly Chestnut Funds), the company provides investment management through commingled funds, direct, and co-investment opportunities. Services include fee-for-service development, owner's representation, third-party property management, and structured capital solutions—all designed to help health systems and providers optimize real estate strategy, enhance facility operations, and increase market share with better access to care.

Differentiator

Problem solved

Functional benefit

Brands

• Anchor Health Capital: Investment management subsidiary of Anchor Health Properties, dedicated exclusively to healthcare real estate. Invests through commingled funds, direct and co-investment opportunities.

Products and services

• Healthcare Real Estate Development Fee-for-service development and owner's representative services for healthcare facilities, providing design oversight, construction oversight, project management, and delivery for health system clients. Anchor has developed more than 4.5 million square feet of projects valued at over $2.2 billion, including medical outpatient buildings, specialty facilities, and inpatient rehabilitation hospitals.

Quantifiable outcome

• 40 years of healthcare real estate expertise serving health systems and providers
• +3 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered strategic and core.

• St. Luke's Health (CommonSpirit Health)strategicStrategic or Co-development Partner · 2 June 2026Anchor Health Properties was engaged as developer by St. Luke's Health, a member of CommonSpirit Health, for a new 40-bed inpatient rehabilitation hospital on the Springwoods Village Hospital campus in Spring, Texas. Anchor provides comprehensive development services including financing, design oversight, and construction oversight.
• Lifepoint RehabilitationcoreStrategic or Co-development Partner · 2 June 2026Lifepoint Rehabilitation partnered with Anchor Health Properties on their fourth inpatient rehabilitation hospital collaboration. Upon completion, Lifepoint Rehabilitation will manage day-to-day operations of the North Houston facility. Also partner in Baptist Health South Florida joint venture for Miami rehabilitation facility.
• Chestnut FundscoreStrategic or Co-development Partner · 3 January 2026Anchor Health Properties acquired a majority interest in Chestnut Funds, transforming it into Anchor Health Capital. The transaction, formalizing a partnership that began in 2014, consolidates nearly a decade of collaboration and supports approximately $2 billion in healthcare facility assets. Steen Watson, Co-Founder of Chestnut Funds, continues to lead as President of Anchor Health Capital.
• BGOcoreStrategic or Co-development Partner · 9 December 2025BGO and Anchor Health Properties closed on a joint venture acquisition of Southwest Medical Village, a 71,394 square foot Class A medical outpatient building in the Austin, Texas MSA. BGO's confidence in medical outpatient facilities in high-growth markets complements Anchor's operational expertise.
• Wareham Development CorporationstrategicStrategic or Co-development Partner · 28 October 2025Wareham Development Corporation sold Bon Air Medical Center, a 27,297-square-foot multi-specialty medical outpatient building in Larkspur, California, to Anchor Health Properties for $24 million. Wareham plans to reinvest proceeds into its campus locations in the San Francisco East Bay and Stanford Research Park.
• BGOcoreStrategic or Co-development Partner · 28 April 2025BGO and Anchor Health Properties strengthened their joint venture with the acquisition of Seymour Plaza, a 40,785 sq ft medical outpatient building in Montclair, New Jersey. This represents the second joint venture acquisition for the firms, expanding their footprint in the New York City MSA.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Ventas: Public healthcare REIT with a diversified mix of outpatient medical, seniors housing, and life science/research properties. Comparable to Anchor in healthcare real estate investing and outpatient exposure, but at much larger scale and broader property type mix.
• Medical Properties Trust: Public healthcare REIT focused on acute care and specialty hospitals leased to operators. Overlaps with Anchor in healthcare real estate investing but skews to inpatient/specialty hospital net-lease rather than Anchor's outpatient MOB focus.
• Healthpeak Properties: Public healthcare REIT with outpatient medical, lab/life sciences, and CCRC portfolios. Comparable to Anchor in MOB investment and asset management capabilities, but operates at much larger scale and across more property categories.
• Welltower: Large public healthcare REIT with a diversified portfolio spanning seniors housing, outpatient medical, and post-acute facilities. Comparable to Anchor in healthcare real estate investing but operates at significantly greater scale and capital base, and includes seniors housing rather than only MOBs/specialty.

Direct peers

• Healthcare Realty Trust: Public REIT focused on outpatient medical facilities and healthcare-related properties, owning and operating a large portfolio of medical outpatient buildings. Directly comparable to Anchor Health Properties in asset class (MOBs), tenant base (health systems/providers), and revenue model (rental income plus asset/property management).
• NexCore Group: Private healthcare real estate developer focused on MOBs, ambulatory care, and specialty facilities for hospital systems and physician groups. Comparable to Anchor in development-led model and outpatient healthcare focus, with overlapping GTM motion targeting health system leadership.
• Hammes Partners: Privately held healthcare real estate development, investment, and management firm focused on medical facilities for health systems and providers. Direct competitor to Anchor with overlapping service offerings—development, ownership, asset and property management—and similar mid-sized private scale.
• MBRE Healthcare: Private healthcare real estate investment and development firm focused on MOBs, ambulatory care, and specialty facilities. Closely comparable to Anchor in target asset class, health system client base, and integrated development/ownership/property management model.

Others

• Anchor Capital (Real Estate): Real estate investment management firm with healthcare and other sector exposure. Comparable in real estate asset/investment management services to Anchor Health Capital, though broader across property types; included for the investment management adjacency to Anchor Health Capital's commingled fund platform.
• DPR Construction (Healthcare Real Estate Practice): National commercial construction firm with a dedicated healthcare real estate practice that builds medical outpatient and specialty facilities. Comparable as a healthcare real estate delivery participant, though DPR is a general contractor rather than an owner/developer like Anchor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights8 records

Customer concentration

• Facebookfacebook.com/AnchorHealthProperties
• LinkedInlinkedin.com/company/anchor-health-properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Anchor Health Properties