Remedy acquires a majority interest in a MedProperties portfolio of more than 1 million s.f.
By John B. Mugford
One of the properties in the portfolio is the Founders Square Medical Office Building in Naples, Fla. (Photo courtesy of CBRE)
It looks as if the healthcare real estate (HRE) recapitalization trend is still going strong.
After a 2021 in which more than 10 large recapitalizations – transactions in which a buyer typically acquires a large share, or at least a majority interest in, the ownership of a portfolio – 2022 has kicked off with a significant recap of a portfolio put on the market in early 2021 by Dallas-based MedProperties Realty Advisors LLC. MedProperties aggregated the facilities in the portfolio over the years through various funds and investment partnerships.
Acquiring a large share of the ownership of the portfolio was a partnership of Chicago-based Remedy Medical Properties and its capital partner, Boca Raton, Fla.-based Kayne Anderson Real Estate. The partnership has been one of the most active buyers of MOBs in recent years, and Remedy now bills itself as the largest owner of HRE space with a portfolio of about 25 million square feet of space in 41 states.
According to the firms involved, the recapitalization was
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