StepStone Real Estate to Make a Significant Investment in Anchor Health Properties | Anchor Health Properties
Summary
The investment was made through a separate account managed by SRE on behalf of a large international pension fund client. As of June 30, 2022, SRE oversaw US$168 billion in global real estate capital allocations for its limited partners and clients. Anchor intends to utilize the investment to fund future platform growth, as well as to enhance its balance sheet and credit reserves. We are excited for this next chapter of Anchors growth as we continue to pursue better healthcare through real estate solutions across our three major service lines.James Schmid, the firms Chief Investment Officer, noted, In early 2022, Anchor evaluated the potential to enhance the firms corporate balance sheet and prepare for the next stage of platform growth. After considering a meaningful number of different and attractive proposals from domestic and international investors, JLL worked with Anchor to determine the best strategic fit with a partner who shared a similar approach to investing, including a long-term investment mindset and a continued commitment to providing exceptional services for healthcare real estate.Anchor Health Properties was advised on legal elements by Goodwin & Proctor LLP during the transaction process.