Matthews™ Completes Sale-Leaseback of Legacy Brain & Spine Portfolio in Georgia

ATLANTA, GA— Matthews™, a commercial real estate investment services and technology firm, facilitated the sale-leaseback of a nine-property medical office portfolio located across Atlanta and Northern Georgia. Matthews™ Vice President & Associate Director Ryan Burke and Senior Vice Presidents & Senior Directors Rahul Chhajed & Michael Moreno represented the seller in the transaction, which marked the highest sale price for a privately owned medical office sale-leaseback portfolio sold in Georgia within the last year.

 

The seller and founder of Legacy Brain & Spine, Dr. Said Elshihabi, sought to capitalize on the 92,200-square-foot portfolio he amassed over years of clinical growth. This transaction allowed the seller to monetize his real estate holdings at an opportune time in the market cycle while securing long-term operational control of the facilities through a long-term NNN lease structure.

 

Due to the various surgery centers and sub-tenant dynamics within the sale-leaseback structure, the Matthews™ agents leveraged their product-specific expertise to navigate the intricate title work and clinical requirements. Through a targeted marketing process, Matthews™ directly sourced a buyer who was attracted to the credibly backed tenancy structure and secured a 45-day closing.

 

“Our deep understanding of clinical operations allowed us to bridge the gap between a high-caliber operator and a sophisticated buyer,” Burke said. “By maintaining a relentless pace and clear communication, we were able to navigate every hurdle and secure an ideal outcome for both Dr. Elshihabi and Reliant Net Lease.”

 

Reliant Net Lease acquired the portfolio as part of its strategy to grow its net lease holdings through high-quality healthcare real estate backed by an established operator.

 

For more information, please contact Ryan Burke, Rahul Chhajed, Michael Moreno or visit www.matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.