KaufmanHall
We are pleased to announce the closing of the following transaction.
AW Property Co.
$193,000,000
Recapitalization of a 19-Building, 525,759 Square Foot Medical Office Building Portfolio Located in the State of Florida
THE UNDERSIGNED SERVED AS EXCLUSIVE FINANCIAL ADVISOR
Transaction Overview
Kaufman Hall and Associates, LLC (“Kaufman Hall”) was selected as the exclusive financial advisor to AW Property Co. (“AW” or “Sponsor”) related to the joint venture equity raise for the recapitalization of a 19-building, 525,759 square foot medical office building portfolio (“Portfolio”) located throughout the State of Florida. The Portfolio is comprised of a diverse mix of on- and off-campus medical office buildings aligned with several of the nation’s leading non-profit health systems. The Portfolio was owned by a discretionary real estate fund sponsored by AW.
Kaufman Hall’s Role
On behalf of AW, Kaufman Hall undertook a competitive effort to identify the most appropriate institutional capital partner. Kaufman Hall’s efforts included approaching a diverse pool of potential equity partners, including investors with previous medical office experience and firms with no prior experience with healthcare real estate. Based on Kaufman Hall’s efforts, the quality of the Sponsor and the opportunity, AW received multiple proposals from various investor types, including domestic pension fund advisors, foreign capital sources and private equity groups, among others. The structured and highly competitive process resulted in the selection of a well-established institutional investment manager with a national presence across multiple real estate asset types.
ABOUT THE COMPANIES INVOLVED
Kaufman Hall
For more than 30 years, Kaufman Hall has provided independent, objective insights to assist clients in fulfilling their missions, achieving their goals, and tackling their toughest problems. Kaufman Hall’s real estate practice provides transaction advisory services to many of the nation’s top healthcare providers and developers/investors of healthcare real estate. Kaufman Hall’s focused model provides clients with an unmatched level of relevant experience & independent transaction analysis, structuring and execution capabilities. Kaufman Hall’s real estate practice was launched in 2021 through the acquisition of Healthcare Real Estate Capital (HRE Capital). Providing both consultative and transaction-oriented services, including asset/portfolio joint venture structuring, recapitalizations, dispositions and other related real estate advisory services, the real estate practice has been involved with more than $14 billion of sector-specific real estate transactions across the United States since 2008.
AW Property Co.
AW is a real estate investment and operating company that specializes in medical office building properties in major markets throughout the Southeast United States. Since 2005, AW has sponsored healthcare real estate investments with an aggregate market value of $620 million, constituting 2.7 million square feet of rentable space in sixteen distinct submarkets. Headquartered in North Palm Beach, with regional offices throughout the Southeast, AW has a highly dedicated, customer focused team of professionals with expertise in all facets of real estate acquisitions, redevelopment, finance, operations and asset management.
Questions?
Contact E. Hunter Beebe, hbeebe@kaufmanhall.com, 917.568.8556
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