Nashville Real Estate Investor Expands into Savannah Market with Medical Office Acquisition

Thursday, October 28th, 2021

Excelsior Capital, a boutique private equity firm based out of Nashville, TN,  announces their expansion into the Savannah MSA.

The acquisition, Stephenson Executive Center, is a three-building complex located on Stephenson Avenue in the heart of midtown Savannah. The buildings, totaling approximately 30,000 square feet, are 100% occupied by nine different tenants, the vast majority of which are for medical use. A few of the notable tenants include Jubilant Radiopharma, American Oncology Partners, Advanced Regenerative Therapy, and the Department of Veterans Affairs.

“I'm very excited to have helped lead our first acquisition in Savannah! This is a market that has been on our radar for quite a while due to its underlying growth trends and strong real estate fundamentals. Stephenson Executive Center is a high-quality asset with reputable tenants, the large majority of which are in the medical space. The previous ownership group did a great job managing the property, and we plan to continue doing the same over the next five to ten years.”  William George, CFA - VP of Investments & Asset Management at Excelsior Capital