A grab bar or other accessory is attached to a wall with at least one anchor assembly. The anchor assembly can be removed and repeatedly used as needed. The anchor assembly includes a vertical support beam, an arm having a hub portion and an arm portion, and a mounting plate that is supported by the arm. The arm portion is received within a slot formed within the vertical support beam. A spring is attached to the vertical support beam and cooperates with the arm portion to hold the arm in place during installation. The mounting plate includes a plurality of hole locations spaced radially outwardly from a center opening. The mounting plate is rotatable to position the plurality of hole locations at one of many different desired mount positions for a variety of grab bars.