OrthoCarolina gets buyer for 10 outpatient buildings, 3 with ASCs

Ten outpatient orthopedic medical office buildings in North Carolina, including three featuring ASCs, were purchased for an undisclosed amount by an unnamed buyer, according to JLL, the professional services firm that closed the sale.

Five things to know:

1. The 218,213-square-foot portfolio is fully leased to OrthoCarolina, the nation's third-largest orthopedic provider by physician count. OrthoCarolina has a weighted 13 years remaining on its lease term.

2. Six of the properties are in Charlotte, two are in Winston-Salem, one is in Laurinburg, and one is in Shelby. Each is within 2.2 miles of the nearest hospital.

3. Each of the ASCs has two operating rooms.

4. The property yielded "tremendous interest," which is "a testament to the caliber of OrthoCarolina," JLL Managing Director Ben Appel said in a press release.

5. Marketing of the assets was helped by an attractive lease and the desirable physician joint venture, said JLL Managing Director Evan Kovac.

More articles on surgery centers:
Number of independently owned ASCs drops 6 percent in a decade
3 trends affecting ASCs
3 challenges facing ASC leaders in 2020

 

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