Reliant Net Lease Properties has scooped up a nine-building medical office portfolio from Atlanta neurological practice Legacy Brain & Spine in a sale-leaseback deal that industry coverage says set a Georgia record. Under the agreement, Legacy Brain & Spine will stay put as the operating tenant on a long-term master lease with built-in rent bumps, keeping clinics open while tapping the real estate for capital. The move is another clear sign that big money is still chasing outpatient medical properties across the Sun Belt.
Deal Details and Properties
As reported by CoStar, the transaction covers multiple buildings at 1900 The Exchange in Atlanta and a professional center at 1918 Northlake Parkway in Tucker, along with additional Legacy Brain & Spine locations in Marietta, Peachtree City, Cartersville and Rome. Industry reporting described the overall package as record-setting for the state.
Terms and Tenant Commitments
Public offering materials show the portfolio was marketed as a triple-net sale-leaseback backed by a ten-year master lease and 3% annual rent increases. Those terms offer the buyer predictable cash flow while locking in long-term operating stability for the medical group. The listing on LoopNet also flags ambulatory surgery centers among the included assets.
Who Brokered the Sale
Matthews Real Estate Investment Services handled the assignment, bringing the portfolio to market and closing the sale in under 45 days. The brokerage has described the deal as one of the largest privately held medical sale-leaseback packages in the Atlanta area, noting the title work, operational logistics and timing challenges that come with moving a multi-site healthcare portfolio so quickly.
Why Investors Care
Outpatient medical buildings have become a favorite niche for investors, helped along by an aging population and the steady shift of procedures out of hospitals and into clinic settings. Those trends tend to support stable occupancy and modest but steady rent growth. Industry analysis from PwC/ULI highlights the medical office sector’s defensive profile heading into 2026.
For Reliant Net Lease Properties, which CoStar reports has been active this year acquiring hundreds of properties and raising new capital, the Legacy Brain & Spine portfolio offers an immediate boost to its medical holdings. For the physician group, the sale-leaseback structure keeps clinical operations in place while unlocking capital that can be reinvested into patient care and future growth.
