CenterSquare Investment Management Invests $ 35 Million in Flagship Healthcare Trust


Strategic Capital to Support Growth of Southeastern and Mid-Atlantic Medical Office REIT

CHARLOTTE, North Carolina, November 30, 2021 / PRNewswire / – CenterSquare Investment Management LLC (CenterSquare), a leading global real asset manager, today announced a $ 35 million equity investment in Flagship Healthcare Trust (Flagship), a private medical practice REIT focused on the South East and Mid Atlantic with over 2 million square feet of office space and 75 properties. CenterSquare completed 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 strong pipeline of acquisition and development of the growing portfolio of the Company. company.

(PRNewsfoto / Flagship Healthcare Properties, LLC)

Investment to support a strong acquisition and development pipeline of CenterSquare’s growing portfolio

“The physician office real estate industry is benefiting from both secular and cyclical favorable winds as an aging population increasingly seeks convenient locations to access quality healthcare,” said Chad Burkhardt, Managing Director of CenterSquare. “Nowhere is this more pronounced than in the Southeastern US market where Flagship’s management team draws on their strong relationships with physicians and healthcare systems and their in-depth knowledge of the industry. to consistently execute their strategic growth plan. We believe the trail is long and the future is bright for their value proposition. “

The demand for medical offices is expected to increase over the next decade as the U.S. population continues to age and migrate to the southeastern and southern mid-Atlantic region of the country. This combination of factors creates substantial opportunistic synergies for Flagship, which recently announced acquisitions in Davenport, Florida, Lexington, Kentucky, and Wilmington, North Carolina.

“We are delighted to welcome CenterSquare as a strategic investor in Flagship,” said J. Edge of Brannen III, President and CEO. “This represents the second investment in a corporate pension plan in Flagship in recent months. With over 30 years of institutional investment experience and over $ 15 billion in assets under management, CenterSquare’s investment on behalf of their client is an affirmation of the Flagship strategy, platform and team. This investment will help fuel Flagship’s continued growth through 2022 and beyond. “

About CenterSquare
Founded in 1987, CenterSquare Investment Management is an independent, employee-owned real estate asset manager specializing in listed real estate, private equity real estate and private real estate debt. As a trusted fiduciary, our success is firmly anchored in aligning our interests with those of our customers, partners and employees. CenterSquare is headquartered in the suburbs Philadelphia cream, with offices in New York, Los Angeles, London and Singapore. With $ 15 billion in assets under management (November 2021), CenterSquare and its affiliates are proud to manage investments on behalf of some of the world’s best-known institutional and private investors.

About Flagship Healthcare Trust
Flagship Healthcare Trust, Inc. (“Flagship REIT”), is a private real estate investment trust which owns clinical healthcare assets in United States. In the third quarter of 2021, Flagship REIT owns an 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 principal operating entity of the Manager is Flagship Healthcare Properties, LLC (“Flagship”), a fully integrated commercial real estate company focused on clinical ambulatory health care real estate. With a history dating back to 1985, the Manager operates a vertically integrated platform and currently manages approximately 5 million square feet of healthcare-related office space at over 200 properties. Over 80 professionals provide Flagship’s healthcare system and physician clients with a full range of real estate services and expertise to a diverse and growing portfolio of properties.

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SOURCE Flagship Healthcare Properties, LLC


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