BGO expands New England healthcare portfolio with Lahey buy deal.

BGO has expanded its Northeast healthcare property portfolio with the acquisition of Lahey Medical Center, a newly completed Class A outpatient clinic at 20 Woodmont Avenue, Londonderry, New Hampshire, within the mixed-use Woodmont Commons development. The two-storey, purpose-built facility totals 30,000 square feet and was finished in 2025.

The building is occupied in full by Beth Israel Lahey Health under a long-term lease. The tenant is a major regional system—operating 14 hospitals and supported by roughly 39,000 employees, 4,700 physicians and serving more than 1.7 million patients annually—giving the asset a strong operating covenant and predictable cashflow for investors.

Services delivered onsite will include oncology, infusion, cardiology, gastroenterology and neurology, reflecting the shift of complex outpatient care into specialised ambulatory centres. According to BGO’s deal commentary, the tenant made significant clinical fit-out investments in addition to landlord improvements, underlining the site’s strategic importance to the health system’s expansion into high-growth secondary markets.

The acquisition sits squarely on a demographic and demand thesis: the Southern New Hampshire corridor benefits from close ties to the Greater Boston labour market, elevated homeownership levels and a fast-growing 55-plus cohort, all of which underpin long-term outpatient demand. Investors have been targeting well-leased outpatient medical assets because of their defensive income profile and healthcare system credit strength.

Kevin Yen, Principal, Investments at BGO, characterised the purchase as consistent with the firm’s approach to long-duration, necessity-based real estate. BGO—part of SLC Management—manages a large global real estate platform and highlights scale as an advantage when underwriting specialised healthcare properties.

Operational continuity will be provided by Anchor Health Properties, appointed as property manager at closing to run day-to-day operations of the specialised outpatient environment. The transaction underscores investor interest in purpose-built medical office assets near major metros: they combine institutional tenants with durable demand drivers and, in many cases, longer lease terms than standard commercial real estate.