Flagship Healthcare Trust acquires property in West Columbia
January 6, 2022
The medical office building is home to the Southeast’s premier Palmetto Infusion
Flagship Healthcare Trust, a Charlotte-based outpatient healthcare real estate investment trust (REIT), has acquired Class A, 100% leased medical office building (MOB) located in West Columbia, SC.
Ideally located on Sunset Boulevard and less than a mile from the 485-bed Lexington Medical Center, Palmetto Infusion is also a block away from the award-winning River Street redevelopment project, within five miles of downtown Columbia, and the main campus of the University of South Carolina. Palmetto Infusion has become the trusted service provider for ambulatory and home-based acute and chronic-care diseases, treating over 8,000 patients in 2020, within 25 clinics in North and South Carolina, Georgia, and Alabama.
“The flourishing economy, excellent quality of life, and soaring healthcare sector in the Southeast region provides an excellent opportunity for us to expand our existing relationships, especially with a strong partner like Palmetto Infusion.” said Flagship’s Executive Vice President of Acquisitions Gerald Quattlebaum. “It’s been fun to watch the growth of Palmetto Infusion throughout the Southeast and we are happy to partner with them and support them in any capacity we can.”
The team at Fifth Third Bank, led by Michael Perillo, provided financing for the acquisition of this off-market transaction. Flagship Healthcare Properties will continue to provide property management services at this location.
About Flagship Healthcare Properties
Flagship Healthcare Properties, LLC (Flagship) is a fully-integrated outpatient healthcare real estate firm serving clients throughout the Southeastern and Southern Mid-Atlantic United States. Headquartered in Charlotte, North Carolina, Flagship offers a full range of real estate services including investment and capital solutions, development, property sales, leasing and marketing, as well as facilities, property and asset management. Flagship manages over 5 million square feet of healthcare real estate across more than 200 properties serving more than 500 tenants. Flagship serves as the manager of its private REIT, Flagship Healthcare Trust, Inc. For further information, visit www.FlagshipHP.com.
About Flagship Healthcare Trust
Flagship Healthcare Trust, Inc. (Flagship REIT), is a private real estate investment trust that owns clinical healthcare assets in the United States. Flagship REIT holds interest in more than 75 healthcare properties valued at over $650 million. Flagship REIT’s current portfolio includes more than 1.9 million square feet of medical office space and more than 220 tenants. For further information, visit www.FlagshipREIT.com.
