Archer Property Partners has expanded its healthcare real estate footprint with the acquisition of a three-building outpatient medical office portfolio in Orange County through an off-market transaction. The Newport Beach-based investment firm targets healthcare-related properties and secured the portfolio directly, without buyer-side broker representation.
The portfolio is anchored by MemorialCare, which is described as one of Southern California’s leading nonprofit health systems. The medical office buildings are located in Rancho Santa Margarita, Mission Viejo and Costa Mesa, serving as outpatient facilities in those communities. MemorialCare’s role as the portfolio’s anchor tenant underscores the healthcare-focused nature of the assets.
Prior to the sale, the properties were owned through a partnership structure involving a private investment group and MemorialCare. Under that arrangement, MemorialCare held a minority ownership interest in the portfolio alongside the private investment group. The transaction transfers control of the three-building portfolio to Archer while maintaining MemorialCare’s presence as the primary healthcare user.
On the sell side, Andy Knott and Austin Kanzler of CBRE represented the ownership partnership in the disposition of the assets. Their assignment focused on advising the seller in the off-market sale process. Archer completed the acquisition without engaging a broker to represent the firm in the deal.
Commenting on the transaction, R.J. Sommerdyke, managing partner at Archer, characterized the acquisition as being highly driven by existing relationships. He noted that MemorialCare sought a landlord that understands the nuances of medical office real estate and the operational requirements of healthcare providers. According to Sommerdyke, Archer’s long-term relationship with MemorialCare and its experience in the healthcare real estate sector helped the parties structure a transaction that was viewed as a favorable outcome for all involved.
The acquisition adds a multi-location, outpatient-focused portfolio to Archer’s holdings and continues the firm’s stated strategy of investing in healthcare-related real estate. With MemorialCare remaining in place as the anchor tenant across the properties, the transaction reflects the continued alignment between a nonprofit health system and a specialized healthcare real estate investor in Orange County.
