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Anchor Health Properties and Chestnut Funds Come Together to Form New Vertically Integrated Healthcare Real Estate Firm

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Our Story

Since 2012, Anchor Health Capital (formerly Chestnut Funds) has invested in healthcare real estate through seven commingled funds, as well as direct and co‑investment opportunities.

Anchor Health Properties, a national healthcare real estate development, management, and investment firm founded in 1985, has long been a strategic partner. Its track record includes more than 4.5 million square feet of developed projects valued at over $2.2 billion and $3.2 billion in acquired healthcare properties.

In 2026, the two organizations came together to form a vertically integrated healthcare real estate platform—uniting fund management with development, acquisition, and operational capabilities. This integration positions the combined firm as a leading provider of healthcare real estate solutions for healthcare providers and investors.

Together, Anchor Health Capital’s investment capabilities and discretionary capital, paired with Anchor Health Properties’ national platform, enable us to execute efficiently across a broad range of healthcare real estate opportunities.

Team

Our team brings discipline and deep healthcare real estate expertise to every investment. We take a hands‑on, detail‑oriented approach to each transaction, supported by professionals with extensive experience in development, acquisition, and asset management. This focus enables us to deliver institutional‑quality opportunities tailored to the needs of high‑net‑worth individuals, family offices, and institutional investors.

Since 2012, Anchor Health Capital (formerly Chestnut Funds) has sponsored seven investment funds and multiple single‑asset vehicles.

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Steen Watson

President

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Kurt Hutter

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Managing Director, Investments

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David Jonas

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Director, Strategic Marketing

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Kennedy Griffin

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Senior Asset Manager

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Hailey Johnston

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Investor Relations Manager

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Laura Probasco

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Finance Manager

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Contact Us

If you have any questions or would like to speak with a member of our team, please submit the form below. We look forward to hearing from you. 

832 Georgia Ave Suite 221 Chattanooga, TN

A SUBSIDIARY OF ANCHOR HEALTH PROPERTIES