BIRMINGHAM Ala., (July 22, 2015) – The Sanders Trust (TST), one of the nation’s leading healthcare real estate investment companies, located in Birmingham, Ala., has acquired Tower Pointe Medical Center, an approximately 42,000-square-foot medical office building (MOB) in Greenwood, S.C., for $8.4 million.
The MOB is 100 percent leased, with the majority of space occupied by Self Regional Healthcare. “Tower Pointe Medical Center offers an excellent opportunity to incorporate an already-strong facility into our portfolio,” said Steve Hewett, senior vice president of The Sanders Trust. “It is a patient-friendly building, conveniently located in Greenwood that provides a number of key services to the community.”
The Tower Pointe MOB was originally developed in 2007 by physician partners of Piedmont Health Group, which is now a part of Self Medical Group, an affiliate of Self Regional Healthcare. “This acquisition furthers TST’s investment strategy of adding $100 million to $200 million each year to our portfolio by acquiring and developing strategic healthcare properties nationwide,” added Hewett.