ERE Healthcare Real Estate Advisors (“ERE”) is pleased to announce the successful sale of a 59,609 SF ophthalmology portfolio in Columbus, GA.
The comprehensive ophthalmology portfolio is located in Columbus, GA, 90 minutes south of Atlanta. Serving the community since 1951, the practice has strategically grown to its dominant position today as the largest ophthalmology group in West Georgia and East Central Alabama with 13 providers.
The ERE team was engaged by the physician partners to explore a sale and leaseback of the practice’s real estate portfolio. Through a comprehensive marketing process, ERE identified multiple prospective real estate buyers, providing several options to ensure the best fit for a long-term Landlord/Tenant relationship.
The sale was successfully executed, meeting the partnership’s key objective of eliminating debt and personal liability for practice and real estate stakeholders. Simultaneously, the deal also set the practice up for long-term success with greater flexibility for provider succession planning.
The transaction was led by Collin Hart and Marc Flynn.