• About
  • Contact
  • Testimonials
  • Newsletter
  • More
    • Demographics & Advertising Rates
    • Terms & Conditions
Wednesday, February 8, 2023
No Result
View All Result
California Business Journal
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness
California Business Journal
(L to R) Anchor Health Properties' James Schmid, Chief Investment Officer & Managing Partner; Katie Jacoby, Executive VP, Development & Strategy & Partner; Ben Ochs, Chief Executive Officer & Managing Partner

(L to R) Anchor Health Properties' James Schmid, Chief Investment Officer & Managing Partner; Katie Jacoby, Executive VP, Development & Strategy & Partner; Ben Ochs, Chief Executive Officer & Managing Partner

Anchor Health Properties Expands Its Southern California Medical Office Footprint

With a host of new medical office properties acquired in Southern California, the healthcare real estate company is making major moves both locally and across the U.S.

by Susan Belknapp, Senior Writer, California Business Journal
A A
Share on FacebookShare on Twitter

Maintaining good health isn’t always convenient or easy. Even if you’re relatively healthy, and have a physical once a year, it still often involves several tests and follow-up appointments, labs, preventative examinations, eye exams, and dental checkups at a bare minimum. For those over a certain age or for anyone with chronic or ongoing health issues that need frequent monitoring, checkups and exams can increase exponentially. Can you imagine not having access to your healthcare providers in a close, convenient location that is easy to get in and out of?

Charlottesville, Virginia-based Anchor Health Properties has built a business model on the “retailization” of healthcare. This means, offering multiple – usually complementary – services in areas of the community that are easily accessible for patients who in days past had to travel to congested hospital campuses for routine appointments. Often located in crowded, urban areas, getting to these hospital campuses involved fighting traffic, navigating crowded parking garages, contending with security, and walking long distances to get to the office of their provider.

Anchor Health Properties was originally founded in 1985 by two retail development pioneers who recognized the need to bring healthcare closer to patients and providers for the greatest patient and physician ease of access and convenience. They were in business 30 years when they sold the platform and partnered with healthcare real estate management and development expert Ben Ochs in 2015. Chief Investment Officer and Co-Managing Partner, James Schmid, joined Mr. Ochs in 2016 to grow an investments business within the Anchor platform.

“The two principles that founded Anchor Health Properties were retail developers. Their concept was to take their retail practice to the medical-office industry, which at the time was a relatively fledgling concept,” says Schmid. “They basically pitched the health systems the concept of building outpatient facilities within the community – a novel concept for most of the legacy health systems.”

ADVERTISEMENT

Once Schmid joined Ochs, the two ramped up the three current business verticals: development, management and leasing, and investment and dispositions.

The company is now a national, award-winning, full-service healthcare real estate company with more than $1.5 billion in completed development projects, more than 8 million square feet under management, and nearly $3 billion invested in stabilized medical office and similar facilities. With about 130 employees in offices around the country, they are currently making major moves across the state of California, including large investments in the Los Angeles and Orange County MSAs.

For example, the firm recently closed on a fully renovated, 30,000-square-foot medical office building in the Westlake Village submarket of Los Angeles County.

Anchor Health Properties' Woodbridge Square
Anchor Health Properties’ Woodbridge Square

“The overall growth in the state of California has been significant for us,” says Schmid. “We now have eight investments in San Diego, six in Northern California, and nearly a dozen across Orange, Los Angeles, and Riverside Counties – totals that continue to increase. We acquired a big project in Beverly Hills and one in Santa Monica earlier this year in conjunction with our joint venture equity partner Harrison Street Real Estate. We acquired a project in the Brea submarket of Los Angeles and are working on several forward take-out investments building on our presence in the Beaumont submarket of Riverside County, in the eastern part of the Inland Empire. We acquired the building across the 101 from the Westlake Village property in Agoura Hills, so we now have a good-sized presence in San Fernando Valley. A lot is happening for us in and around metropolitan Los Angeles.”

Southern California – with its dense traffic and lack of consistent mass transit is particularly rife for the healthcare “retailization” concept.

“Capturing more patient population is the name of the game in bringing people into your network,” he says. “You want to place your brand in the best locations in the communities where they’re needed. You want to create a consumer-centric product and take a page from the McDonald’s, Burger Kings and Starbucks of the world. Get the best retail locations, with convenient parking and modern structures so it’s easy for consumers to see and understand your brand, and get in and out of in an efficient manner.”

Schmid explains that the path into a new market usually starts with an initial acquisition of existing medical office facilities. Such an acquisition will create a need for operations infrastructure so the company puts “boots on the ground” to manage the property and get to know the tenants, evaluating the opportunity to eventually expand and nurture long-term relationships through property management and leasing.

“Our investments business – where we acquire existing projects of all shapes and sizes, so long as they’re medical office related – are around $3 billion since July 2016,” says Schmid. “That’s what’s really brought us to new markets like Los Angeles and San Francisco.”

The company’s relationship doesn’t end with development or acquisitions, as the relationships with health systems and providers continue through property management.

“By managing the properties, we get the opportunity to build more projects in our investment sector,” says Schmid. “Our model centers on assessing needs of current or prospective tenants, who need space in a particular area. We then go out and put together a project for them that fits their needs. Other commercial residential sectors tend to operate on a speculative basis – you develop a property and hope the demand will come to you. We do the reverse. It also gives us a great opportunity to put together complementary tenants – in the same way retail developers do – where one supports the needs of the other.”

Anchor Health Partners
Anchor Health Partners

Schmid explains that maintaining that relationship often compels the tenant to go to its trusted partners at Anchor Health Properties when it’s time to expand. They know they can assist finding another ideal opportunity, with an advantageous location in their target area with complementary co-tenants that will bring foot traffic and word of mouth.

For the development segment of the business, Anchor Health Properties currently has about one million square feet in active projects around the United States, which ranks among the top across developers nationwide.

“The Westlake Village asset fit squarely within our thesis of investing in well-located, state-of-the-art medical office buildings with excellent tenants that have long-term commitments to the property through their buildouts and leases,” he says. “It complements nicely with our other owned medical office building across 101 in Agoura Hills that we acquired earlier this year. We look forward to additional investments in the area in the months to come.”

As healthcare demand continues to grow and this trend keeps pace, consumers should be able to look forward to greater convenience in excellent facilities that meet a wide range of service needs, closer to them.

Copyright © 2022 California Business Journal. All Rights Reserved.

This article was edited and published by Rick Weinberg, California Business Journal’s Founder, Publisher and Editor-in-Chief. Click here for Rick Weinberg’s biography.

For testimonials on the impact of California Business Journal articles, click here.

Contact us if you’d like an article written on your business: Rick@CalBizJournal.com / 949-648-3815

Related Posts

Boost Home Healthcare brings nurse-inspired home health care to California
Boost Home Healthcare brings nurse-inspired home health care to California, debuts first location in Culver City
Medical Imaging and Deep Learning: How The Two Fit Together
Medical Imaging and Deep Learning: How The Two Fit Together
Medicare Overview: What is Covered by Parts A, B, C & D?
Medicare Overview: What is Covered by Parts A, B, C & D?
Best Diet For Prostate Health
The Best Diet For Prostate Health
Urgent Care Centers in California
Update: Urgent Care Centers in California
Tags: Anchor Health Properties Expands Its Southern California Medical Office FootprintAngelesbestbrandCaliforniaclosercommercialcommunitycompanyconsumersconvenienceconvenientCountydentaldevelopmentemployeesequityfirmgrowthhealthhealthcareinfrastructureinvestinginvestmentinvestmentsLosLos AngelesmakingmedicalNorthernOrangeOrange Countypropertiesproperty managementreal estaterelationshipsresidentialSanSouthernSouthern Californiasystemstarget
ADVERTISEMENT
Susan Belknapp, Senior Writer, California Business Journal

Susan Belknapp, Senior Writer, California Business Journal

Susan Belknapp is a Writer, Editor and Corporate Communications expert with 15 years of professional writing experience across a wide variety of disciplines, including monthly print and digital magazines, social media, marketing and brand development. A graduate of University of Southern California with a degree in Fine Arts and Filmic Writing, Susan was Editor of OC Metro Magazine, which became part of the Orange County Register. Susan is also the Founder of Chonubusu Toffee, an online/direct-sale English toffee company specializing in custom orders, events, personalized labeling and dangerously delicious product prepared with the finest ingredients.

Related Posts

Urgent Care Centers in California
Update: Urgent Care Centers in California
Best Diet For Prostate Health
The Best Diet For Prostate Health
Boost Home Healthcare brings nurse-inspired home health care to California
Boost Home Healthcare brings nurse-inspired home health care to California, debuts first location in Culver City
Medicare Overview: What is Covered by Parts A, B, C & D?
Medicare Overview: What is Covered by Parts A, B, C & D?
Medical Imaging and Deep Learning: How The Two Fit Together
Medical Imaging and Deep Learning: How The Two Fit Together
advertisement
ADVERTISEMENT

CBJ Newsletter

Facebook Twitter LinkedIn Instagram LinkedIn

Advertise With CBJ

Contact Rick@CalBizJournal.com

CBJ Rates and Demographics

Job Postings

CEO Wanted


Requirements: BS/BA + 2yrs of Business Managing Experience

Mail Resume: Grand Life, Inc. 14647 Northam St. La Mirada, CA 90638.

$114,754/year

ADVERTISEMENT
1REALTOUR-SAN DIEGO-WEB DESIGN
Facebook Twitter LinkedIn LinkedIn Instagram
C B J   LOGO  SVG-01
  • About
  • Contact California Business Journal
  • Testimonials
  • Demographics & Advertising Rates
  • Terms & Conditions

Categories

  • Art & Culture
  • Business
  • California Hotel Listings
  • Daily Updates
  • Editor's Choice
  • Education
  • Featured
  • Finance
  • Food & Dining
  • Health & Fitness
  • Human Interest
  • Insurance
  • Law
  • Lawyers
  • Marketing
  • Medical
  • News
  • Newsletter
  • Opinion
  • People
  • Popular
  • Real Estate
  • Social Media
  • Technology
  • Top 25 Wealth Management Companies in California
  • Uncategorized

CBJ Partner Firebrand Media

Laguna Beach Independent Newspaper
 Laguna Beach City Guide
 Newport Beach Independent Newspaper
Newport Beach Country Club Magazine
  Montage Magazine
 Omni Escapes Hotel Magazine
 Bespoke Concierge New York
 Evans Hotels
 Laguna Beach Magazine
 On The Menu Laguna Beach
 Newport Beach Magazine
Coastal Real Estate Guide (NB,LB, CDM)
Monarch Beach Resort Magazine
 Pacific Coast Magazine (SoCal)
Sea Island Life Magazine
Salamander Hotel & Resorts Magazine
 View our entire portfolio

 

Most Viewed

  • Gavel, scales of justice and law books

    Lawsuit Basics: How Much Does It Cost to Sue Someone?

    0 shares
    Share 0 Tweet 0
  • Investigation: Can TriumphFX Take Your Money?

    0 shares
    Share 0 Tweet 0
  • The Impact of Covid: Racing to Buy Second Citizenships

    3 shares
    Share 0 Tweet 0
  • What to Do When an Online Casino Refuses to Pay Out Your Winnings

    0 shares
    Share 0 Tweet 0
  • Top 5 Flavors On Elf Bar BC5000 Review

    0 shares
    Share 0 Tweet 0
  • NFL Paychecks: How Do NFL Players Get Paid?

    0 shares
    Share 0 Tweet 0
  • Five Reasons Why The Government Does Not Like Bitcoin

    0 shares
    Share 0 Tweet 0
  • How to Start a Telecommunication Business: A Step-By-Step Guide

    0 shares
    Share 0 Tweet 0
  • Temu’s New Shipping Policy Is A Smashing Hit For Shoppers All Over the Country

    0 shares
    Share 0 Tweet 0
  • 6 Types of Business Records and Receipts Every Small Business Should Keep

    0 shares
    Share 0 Tweet 0

Latest Articles

Nashville: Top 5 Benefits of Commercial Cleaning Services

Nashville: Top 5 Benefits of Commercial Cleaning Services

Strategies On How To Play สล็อตเว็บใหญ่ (Gamebet123.app)

Strategies On How To Play สล็อตเว็บใหญ่ (Gamebet123.app)

Idle Cash and Inflation: How to Protect Your Savings

Idle Cash and Inflation: How to Protect Your Savings

Keeping U.S. Productivity Spinning

Keeping U.S. Productivity Spinning

The World Cup Managed to Showcase that the Mediterranean World is More Than Just Sand, Desert, and Camels.

The World Cup Managed to Showcase that the Mediterranean World is More Than Just Sand, Desert, and Camels.

Fiber Optic Communication Cables Could Provide Earlier Critical Earthquake Warnings, According to Hebrew U. Researchers

Fiber Optic Communication Cables Could Provide Earlier Critical Earthquake Warnings, According to Hebrew U. Researchers

Leveraging Big Data For Better Business Insights

Leveraging Big Data For Better Business Insights

What You Need To Know About The Sharpe Ratio

What You Need To Know About The Sharpe Ratio

5 Ways Remote Work is Impacting the Legal Industry

5 Ways Remote Work is Impacting the Legal Industry

Upgrade you Home Interior with These 2023 Modern Living Room Ideas

Upgrade you Home Interior with These 2023 Modern Living Room Ideas

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR

No Result
View All Result
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR