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Centersquare Investment Management Invests $35 Million In Flagship Healthcare Trust

Nov 30, 2021over 3 years ago

Amount Raised

$35 Million

Charlotte

Description

CenterSquare Investment Management LLC (CenterSquare), a leading global real assets manager, today announced a $35 million equity investment in Flagship Healthcare Trust (Flagship), a Southeastern and Mid-Atlantic focused medical office private REIT with over 2 million square feet of office space and 75 properties. CenterSquare made the investment as part of its Strategic Capital platform on behalf of a Fortune 100 institutional client pension plan. The equity investment will support the robust acquisition and development pipeline of the company's growing portfolio.

Company Information

Company

Flagship Healthcare Trust

Location

Charlotte, North Carolina, United States

About

Flagship Healthcare Trust, Inc. ("Flagship REIT"), is a private real estate investment trust that owns clinical healthcare assets in the United States. As of third quarter 2021, Flagship REIT holds interest in 75 healthcare properties valued at over $673 million. Flagship REIT's current portfolio includes 2.1 million square feet of medical office space and 227 tenants. The main operating entity of the Manager is Flagship Healthcare Properties, LLC ("Flagship"), a fully integrated commercial real estate firm focused on clinical outpatient healthcare real estate. With a history dating to 1985, the Manager operates a vertically integrated platform and currently manages approximately 5 million square feet of healthcare-related office space in over 200 properties. More than 80 professionals provide Flagship's healthcare system and physician clients a full range of real estate services and expertise to a diverse and growing portfolio of properties.

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