(205) 298.0809
1000 Urban Center Suite 675
Birmingham, AL 35242

The Sanders Trust Acquires Asheville, NC Medical Office Building For $11.6 Million

Wednesday | April 8th, 2015

Birmingham, Ala. – The Sanders Trust(TST), one of the nation’s leading healthcare real estate investment companies located in Birmingham, Ala., has acquired 20 Medical Park Drive, an approximately 24,000-square-foot medical office building (MOB) in Asheville, N.C., originally built in 2005. The $11.6 million acquisition is part of a joint venture between The Sanders Trust and its capital partner Harrison Street Real Estate Capital, LLC of Chicago. The MOB is 100 percent occupied and is conveniently located near downtown Asheville.

Asheville NC MOB
“20 Medical Park Drive is a prized addition to our portfolio, especially considering its premier oncology services and strategic location serving over 25,000 residents,” said Rance Sanders, president and CEO of The Sanders Trust.

Oncology services in the building are provided by an affiliate of 21st Century Oncology, one of the largest oncology providers in the United States. The single-story MOB is situated in an established medical park composed of facilities housing medically related specialties such as pathology, obstetrics-gynecology, and is home to Asheville Surgery Center.

The Sanders Trust develops and acquires medical office buildings, inpatient rehabilitation hospitals and specialty hospitals nationwide. Headquartered in Birmingham, Alabama, The Sanders Trust has been a recognized leader in the investment community for healthcare clients since its inception in 1989 and has developed or acquired properties in 30 states.
The Sanders Trust
1000 Urban Center Drive | Suite 675
Birmingham, Alabama 35242
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Phone: 800-565-2585
Fax: 205-298-0810
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