Stonemont Bolsters MOB Portfolio with Acquisition in Canton, GA

The 25,000 SF medical facility will house Aylo Health on the first floor and Northside Hospital on the second, expanding both systems’ reach in northern metro Atlanta.

Stonemont Financial Group, an Atlanta-based private real estate investment firm specializing in healthcare real estate and industrial development, today announced it has acquired a 24,622-square-foot medical office building (MOB) in Canton, Georgia, in partnership with Harrison Street Asset Management. Stonemont purchased the property from Aylo Health, which is occupying the building as the anchor tenant alongside Northside Hospital.

Located at 6613 Hickory Flat Hwy, the Class A facility includes two levels, with Aylo occupying the first floor. The metro Atlanta-based healthcare provider offers primary care services and is aiming to expand its presence in North Georgia. Northside Hospital will also occupy the second floor after moving in later this year, and will offer various specialist healthcare services to the market.

“Stonemont is proud to continue playing a role in strengthening access to high-quality healthcare across Georgia, and to help support Aylo Health and Northside Hospital’s growth plans,” said Matt Stone, partner and senior vice president at Stonemont. “This deal reflects our team’s commitment to investing in our state’s healthcare infrastructure in high growth corridors, to meet the needs of healthcare providers and their delivery of care to the local community.  We have remained active this summer, and are excited to announce several other healthcare acquisitions and developments in the coming months.”

This marks the first acquisition Stonemont has partnered on with Harrison Street Asset Management, and the firms’ first step toward continued partnership in the healthcare real estate market. Within Georgia, Stonemont currently owns 168,102  square feet of MOB assets, and its healthcare portfolio includes over $375 million in delivered and under-construction assets across the country.

About Stonemont Financial Group

Stonemont Financial Group specializes in investing across a broad spectrum of real estate asset classes and geographies, specializing in industrial, net lease, and healthcare real estate.  to deliver attractive risk-adjusted returns. Stonemont offers diversified and differentiated real estate investment strategies and vehicles to institutions, family offices, trusts and high net-worth individuals. With a combined track record of over 60 years of experience and $20 billion invested, Stonemont’s founders and managing principals are committed to delivering attractive risk adjusted returns.