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Alliance Acquires Net-Leased Medical Office Building in Suburban Atlanta as Part of Sale-Leaseback

October 29, 2021

Alliance Consolidated Group of Companies (Alliance) today announced it has acquired a net-leased healthcare property in Lawrenceville, Ga. The $2.95 million transaction was a sale-leaseback with Gwinnett Pediatric Partners, Inc. (GPP).

The building, constructed in 2006, is located at 833 Hurricane Shoals NE in Lawrenceville. A subsidiary of GPP, Atlanta Autism Center, operates within the 12,000-square-foot space. GPP signed a 15-year lease concurrently with their disposition of the property.

Atlanta Autism Center provides behavioral health diagnostics and therapy services for children with autism spectrum disorder. Among their healthcare offerings are diagnosis, ongoing management, help with communication and activities of daily life, medication management and applied behavior analysis, as well as physical, occupational, speech and feeding therapies.

“Sale-leasebacks of net-leased medical properties are one of commercial real estate’s true win-win transactions,” said Ben Reinberg, founder and CEO of Alliance. “The investor acquires an asset with a long-term, quality tenant while the healthcare provider receives a capital infusion that they can put right back into their practice.”

Atlanta’s education and health services sector grew by 47.9 percent over the past 20 years, according to Avison Young research – more than any other industry in the metro area. Autism care in particular is on the rise with the global market size of autism spectrum disorder therapeutics projected to increase from $3.2 billion in 2018 to $4.6 billion by 2026, according to Fortune Business Insights.

Secondary and tertiary communities have grown in popularity as home prices in urban centers continue to rise. Healthcare providers are following these population shifts and driving up demand for suitable real estate in suburban locales.

Alliance, which targets the 50 largest MSAs around the country, has been investing in Georgia for more than 15 years.

About Alliance Consolidated Group of Companies:

Alliance Consolidated Group of Companies is a real estate investment firm that specializes in net-leased medical buildings. Founded in 1995, the firm targets a variety of healthcare facilities around the country. Alliance delivers attractive, risk-adjusted returns by leveraging longstanding relationships with lenders, brokers and investors to identify the best opportunities in each market and facilitate a quick close. Additional value is created post-acquisition through professional property management services provided in-house. For more information, visit http://www.alliancecgc.com/.

 

Alliance Consolidated Group of Companies acquired 833 Hurricane Shoals NE in Lawrenceville, Ga. for $2.95 million as part of a sale-leaseback.