Anchor Health Properties Expands Investment Reach through Acquisition of Chestnut Funds

Anchor Health Properties Makes Strategic Acquisition of Chestnut Funds

Charlottesville, Va. — On January 5, 2026, Anchor Health Properties, a prominent player in the healthcare real estate sector, announced a significant milestone by acquiring a majority interest in Chestnut Funds. This acquisition marks not just an expansion of their investment capabilities but signals a robust alignment based on a shared vision for growth and value creation.

Ben Ochs, CEO of Anchor Health Properties, stated, "This acquisition is a natural progression in our decade-long partnership with Chestnut Funds. Our collaboration over the years has been founded on shared values and consistent execution, creating a unified platform that enhances our capacity for scalable growth in healthcare real estate."

The partnership between Anchor Health Properties and Chestnut Funds dates back to 2014, during which they have successfully co-managed funds and invested in nearly 100 healthcare facilities, demonstrating a proven track record. To date, Chestnut Funds has contributed approximately $2 billion in capital to assets developed or acquired by Anchor, ensuring a consistent support system for healthcare facilities that prioritize patient care.

As a result of this acquisition, Chestnut Funds will now operate under the name Anchor Health Capital, serving as a fund advisory and investment management subsidiary of Anchor Health Properties. Steen Watson, co-founder of Chestnut Funds, will continue his leadership role as President of Anchor Health Capital, overseeing daily operations and investment strategies.

"Anchor Health Capital will offer vertically integrated investment services tailored to the needs of investors seeking exposure to the healthcare real estate sector," Watson remarked. He expressed enthusiasm for the myriad opportunities that this new entity will foster, benefiting not just providers and patients, but also investors and the broader communities they serve.

Anchor Health Properties has positioned itself as a leading entity in healthcare real estate development and management. With over $2 billion in completed projects and management of 9 million square feet of healthcare facilities, the company has established a solid reputation for delivering client-centric solutions that address the evolving challenges of healthcare.

The acquisition was facilitated under the guidance of Moore & Van Allen PLLC for Anchor Health Properties, while Chestnut Funds received advisory support from Miller & Martin PLLC and Oaklyn Consulting LLC. This transaction embodies a strategic move within the healthcare sector, where the demand for innovative real estate solutions continues to grow, especially as the industry shifts toward outpatient services and specialized healthcare facilities.

Anchor Health Properties is equipped with over 100 professionals dispersed across multiple offices nationwide, underscoring its commitment to a collaborative approach to healthcare solutions. The firm not only focuses on the development and management of healthcare properties but also emphasizes the importance of investing responsibly to improve patient experiences and provide competitive edges for clients in an ever-evolving healthcare landscape.

As Anchor Health Capital embarks on this new chapter, it looks poised to set innovative standards in the realm of healthcare real estate investment, enhancing the discourse on how capital can be effectively deployed to benefit the sector at large. For those interested in exploring potential investments in healthcare facilities, Anchor Health Capital's newly integrated services promise tailored opportunities and a commitment to excellence in service delivery.

For further insights into Anchor Health Properties and Anchor Health Capital's future initiatives, visit Anchor Health Properties and Anchor Health Capital.