Chicago, January 14, 2021 — BMO Harris Bank’s Healthcare Real Estate Finance group announces that it has closed on a $78.6 million term loan to Kayne Anderson Real Estate and Remedy Medical Properties to acquire a portfolio of medical office buildings. The portfolio consists of 12 facilities across four states totaling 333k SF. The portfolio is currently 99% occupied and features strong credit anchor tenants, such as UPMC and Ascension. The financing is part of a broader $600 million, 29 property MOB acquisition by Kayne Anderson from Hammes Partners that closed before year-end.
Since 2010, Kayne and Remedy have acquired 22.7MM SF of medical office buildings, including 571 properties in 41 states. Together, they are the largest privately held, non-hospital affiliated owners of MOBs in the country.
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About Kayne Anderson Real Estate Advisors
Kayne Anderson Real Estate (“KA Real Estate”) is a leading real estate private equity investor in medical office, seniors housing, off-campus student housing, and self storage. KA Real Estate manages over $10 billion of real estate AUM (as of 11/30/20) across opportunistic equity, core equity and real estate debt. KA Real Estate is part of Kayne Anderson Capital Advisors, L.P., a $31 billion alternative investment management firm (AUM as of 11/30/20) with more than 36 years of successful experience in the real estate, infrastructure, credit, and growth capital sectors.
About Remedy Medical Properties
Remedy Medical Properties is an independent, full-service healthcare real estate company providing acquisition, development, leasing, management and strategy consulting services across the United States. As the largest private owner of healthcare facilities in the country, with 22.7 million square feet spanning 41 states, the company creates customized real estate solutions for some of the most discerning healthcare providers in the country. Remedy works with hospitals, health systems, and physician groups to drive down real estate costs, increase tenant satisfaction, improve the patient experience, and expand into new markets. Headquartered in Chicago, the company has 22 offices throughout the country. For more information visit https://www.remedymed.com.
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