Webster Bank Healthcare Underwrites $30,600,000; Helps Arrange and Underwrite $58,400,000 in Development Capital for Anchor Health Properties

STAMFORD, CT August 14 2024 – Webster Bank Healthcare has underwritten $30,600,000 and helped arrange and underwrite $58,400,000 in construction and mini-permanent debt financing for Anchor Health Properties in support of the ground-up development of two Inpatient Rehabilitation Facilities (IRF) – a 61,000 square foot, 52- bed IRF in Apex, North Carolina and a 100,000 square foot, 62-bed IRF in Miami, Florida.

These newly developed IRFs further underscore Anchor’s comprehensive expertise and institutional capabilities in developing specialty inpatient rehabilitation hospitals. The IRFs will be operated and leased by innovative partnerships between a leading inpatient rehab hospital operator and dominant high-caliber health systems in North Carolina and South Florida.

Charlottesville, Virginia-based Anchor Health Properties owns more than 120 healthcare facilities and manages over 150 facilities totaling 9 million square feet nationally and has a distinguished history of successfully completing over $2 billion of development projects totaling more than 4 million square feet.

Albert Lord, Director of Development Finance of Anchor Health Properties, noted that, “In a challenging lending environment, Webster Healthcare’s industry expertise established a structure that achieved the investment objectives of all interested parties."

“Webster is pleased to have had an opportunity to partner with Anchor Health Properties on these important transactions and we look forward to broadening our partnership in financing specialty healthcare facilities,” said Steven Dowe, Senior Managing Director and Head of Healthcare CRE and Middle Market Banking at Webster Bank. “These transactions are examples of Webster Healthcare’s commitment to the acute care market and a strategic capital resource to expand access to high quality, critically needed sub-acute care services for health systems.”

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About Webster

Webster Bank (“Webster”) is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and Healthcare Financial Services, one of the country's largest providers of employee benefits and administration of medical insurance claim settlements solutions. Headquartered in Stamford, CT, Webster is a values-driven organization with $77 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.

About Anchor Health Properties

Anchor Health Properties is a national full service healthcare real estate development, management, and investment company focused exclusively on medical outpatient and specialty healthcare facilities. Leveraging our collective experience and resources, our nimble, and thoughtful team of professionals develop and deliver tailored, client-specific solutions to respond to today’s healthcare challenges – thinking outside the “medical outpatient box.” With more than $2B of completed development projects, 9M square feet under management, and more than $3B invested in stabilized healthcare facilities, Anchor continues to create a better healthcare experience for patients and a competitive edge for our clients. Anchor maintains multiple offices nationwide and features more than 100 professionals in its ranks.  Healthcare today calls not only for new and more efficient ways of delivering healthcare services, but also a different kind of healthcare real estate company.  For more information, please visit: www.anchorhealthproperties.com.

Media Contact:
Elaine Ficarra, 203-913-2716
eficarra@websterbank.com

Investor Contact:
Emlen Harmon, 212-309-7646
eharmon@websterbank.com