![]() ![]() This perspective enables us to catalyze the creation of places and environments that expand educational, research, and entrepreneurial capabilities – advancing the vitality of diverse US regions and communities. It’s an altogether different and innovative approach, infrequently seen in the industry and executed with a commitment that is uniquely Ancora. ![]() We see a broader picture, one that goes beyond building buildings to encompass the communities they exist within. While we work in the real estate industry, what we do doesn’t stop there. Our work sits at the intersection of commercial real estate and the educational, healthcare, R&D, and commercialization demands driving higher education and medical institutions. It’s also why we do what we do: help institutions not just meet goals but achieve their aims, and then move them forward. A partnership of Ancora Real Estate Holdings LLC, and Legal & General Capital, Ancora is a mission-driven company a vertically integrated investor, developer, and operator of life sciences, research, and mixed-use real estate in the United States. Our work sits at the intersection of commercial real estate and the educational, healthcare, R&D, and commercialization demands driving higher education and medical institutions.įurthering our clients’ missions is core to what we do. The project is over 60% pre-leased and anchored by Do it Best Corp., one of Indiana's largest companies.A partnership of Ancora Real Estate Holdings LLC, and Legal & General Capital, Ancora is a mission-driven company – a vertically integrated investor, developer, and operator of life sciences, research, and mixed-use real estate in the United States. ![]() of creative office, research, healthcare, education and food hall spaces. An adaptive reuse of a former GE campus, the first phase of Electric Works exceeds 700,000 sqft. Visit About Electric WorksĮlectric Works is a mixed-use innovation district development located in Fort Wayne, Indiana. Ancora collaborates with leading universities, medical systems and other innovators to create inclusive environments where people and businesses can thrive. Ancora's investment thesis is based upon its conviction that real estate submarkets underpinned by elite anchor institutions are positioned to significantly outperform over time.Īncora is a premier developer and operator of life sciences/labs, R&D office, institutional and mixed-use real estate that supports the research, discovery and economic development mission of their anchor institution partners in the U.S. "This unprecedented growth in research and start-up activity is stimulating demand for labs, R&D facilities and corporate headquarters on or near anchor institution campuses," he added. "Never before have we seen such acceleration in scientific discovery and commercialization like we're seeing today," said John Philipchuck, CIO of Ancora. The knowledge developed by anchor institutions and the talent they attract create a nexus of research, innovation and entrepreneurship. The project's highly complex capital stack was comprised of construction debt, federal and state tax credits, a public bond issuance and family office equity capital.īased in Durham, North Carolina, Ancora operates and develops real estate in partnership with and proximate to leading universities, medical systems and research institutions ("anchor institutions"). "Raising a significant amount of capital in a turbulent economy amidst a global pandemic is a testament to this team's ability to execute complicated real estate projects in any market, at any time," said Josh Parker, CEO of Ancora. John has managed a variety of real estate development projects, including land entitlement, retail, industrial, apartments, mixed-use, senior housing, student housing, single family homes, and master-planned communities. His background spans all institutional real estate sectors across public and private debt and equity structures. Ancora plans to raise additional equity capital this year to pursue its pipeline of life science/lab, research and technology-oriented real estate located in high growth cities across the United States. He manages Ancora’s investment portfolio strategy with a steady hand and quick wit. Ancora is the lead developer behind RTM Ventures, the entity responsible for Electric Works. 4, 2021 /PRNewswire/ - Ancora Partners, LLC ("Ancora") announced today it successfully closed on $286 million in financing for its 700,000 square foot Electric Works development, one of the Midwest's largest public-private real estate projects. ![]()
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