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Flagship Healthcare Trust Acquires Medical Office Building in Florida, USA.

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MANews-(C)2009-2022

Charlotte, NY-based outpatient healthcare real estate investment trust Flagship Healthcare Trust has acquired the Citrus Tower medical office building in Clermont, Florida, the firm said.

Located at the Citrus Tower Boulevard and Johns Lake Road intersection, the 20,964-square-foot, class A property serves as the anchor building for Citrus Tower Park and is home to the newest location for IMA Medical Group, the area's leader in patient-centered care for wellness and preventative medicine.

The MOB is approximately 1.5 miles from the 170-bed Orlando Health South Lake Hospital and AdventHealth Clermont Park, a 24-bed freestanding Emergency Department and health park.

Clermont is a suburb of Orlando, one of central Florida's fastest-growing cities and a thriving healthcare sector.

The region is home to three other hospitals in addition to Orlando Health South Lake and AdventHealth: Nemours Children's Hospital, Orlando VA Medical Center, and HCA Central Florida Regional Hospital.

Flagship Healthcare Properties, which serves as the external manager for the REIT, will provide asset management and property management services for the property.

The team at Fifth Third Bank, led by Michael Perillo, will provide financing for this off-market transaction.

Flagship Healthcare Properties, LLC (Flagship) is a fully-integrated...

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