Sanders Capital Partners LLC has acquired three dermatology medical practice buildings in Vestavia Hills, Montgomery and Gadsden for $12.4 million.
The builders are home to Surgical Dermatology Group, a comprehensive dermatology practice.
“The Surgical Dermatology Group portfolio represents an ideal acquisition to us in that it is home to a leading medical provider that has found these locations convenient and proximate to their patient base,” said Jackson Stewart, executive vice president and general counsel for Sanders Capital Partners. “We enjoy working with physician-owners to maximize the value of their real estate through the sale lease-back process and ensure the long-term continuity of the business.”
Since its inception seven years ago, Sanders Capital Partners has built its portfolio by strategically acquiring and developing properties in the Southeast, Midwest and Southwest U.S. It is a sister company of The Sanders Trust.