7-Property Medical Office and Outpatient Surgery Center Portfolio
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of seven (7) single-specialty medical office and outpatient surgery centers located throughout northwest South Carolina.
The Portfolio, consisting of approximately 88,385 square feet, is occupied by Clemson Eye, a wholly owned subsidiary of Eye Health America (EHA). With more than 32 physicians practicing out of 12 locations, Clemson Eye has been the leading provider of advanced eye care for the Upstate region for more than 40 years. Comprised of board-certified surgeons, Clemson Eye delivers a broad range of innovative eye care procedures and services, performing over 22,000 traditional and laser cataract surgeries each year.
Eye Health America is led by an experienced team of eye care industry leaders that partners with best-in-class eye care practices and ambulatory surgery centers to offer full-service, integrated eye care.
With a focus on the Southeast, EHA provides superior strategic and operational support to practice groups and ASCs, enabling physicians to focus on delivering the highest standards of clinical care and patient satisfaction while meeting a rapidly growing need for eye care.
Each location within the Portfolio was carefully selected for its high visibility and convenient access for patients throughout the Upstate counties with locations in Clemson, Easley, Anderson, Greenville, Simpsonville, Sumter, and Seneca. South Carolina is also a Certificate-of-Need (CON) state, which limits the number of ASCs that serve a market.
“For institutional investment groups, this was a unique opportunity to acquire a geographically focused portfolio of medical office and outpatient surgery centers that is represented by best-in-class eye care providers in a high growth area," said Christopher Stai, Managing Director for HREA. Adding, “the opportunity allowed physician-owners to monetize a portion of the portfolio’s real estate value, through a Hybrid Sale-Leaseback, which allowed the physicians to retain tax-deferred ownership in the real estate, receive ongoing distributions, and maintain long-term control over the assets”.
Representative Transactions
Seasoned Team
