Stonemont bolsters MOB portfolio with acquisition in Canton, Georgia 

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.