Archer Property Partners (Archer), a Newport Beach-based real estate investment firm focused exclusively on healthcare related real estate, announced the acquisition of a three-building outpatient medical office portfolio in Orange County, California, anchored by MemorialCare.
The portfolio consists of outpatient medical office buildings located in Rancho Santa Margarita, Mission Viejo and Costa Mesa. The properties were previously owned through a partnership between a private investment group and MemorialCare, which held a minority ownership interest.
Andy Knott and Austin Kanzler of CBRE represented the seller in the transaction. Archer acquired the portfolio without broker representation.
The acquisition was sourced off-market by Archer through a long-standing relationship with MemorialCare and their team.
Each of the properties functions as a community-based primary care facility and plays an important role within MemorialCare’s broader healthcare delivery network.
Unlike traditional medical office buildings located on hospital campuses, the properties are embedded within established residential communities across Orange County, allowing patients convenient access to care close to where they live.
The properties share several attributes that Archer believes make them particularly attractive long-term investments.
As part of the acquisition, MemorialCare executed a new long-term lease at the Rancho Santa Margarita property, reaffirming its commitment to the location and the surrounding community.
The properties have been well maintained by prior ownership, and Archer plans to implement targeted building upgrades while preserving the facilities’ functionality for medical users.
MemorialCare’s strategic right-sizing at the Rancho Santa Margarita location will also create approximately 5,000 square feet of new leasing opportunities — space that has never been available at the property. Archer has engaged MedWest Realty, a brokerage firm specializing in healthcare real estate, to market the vacant space.
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