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Companies & People: Making noise during a quiet time

Crown MedRealty’s Connor Childress discusses its recent purchases, strategy

By John B. Mugford

Connor Childress

Kansas City, Mo.-based Crown MedRealty Partners certainly hit the ground running after its launch in 2021.

In its first 12 months, the firm focused on acquiring medical office buildings (MOBs) of various sizes and in large and small markets throughout the country, acquired 20 facilities totaling about 350,000 square feet of space for an aggregate investment of about $160 million – far surpassing its initial 12-month goal of $80 million.

However, its common knowledge that the acquisitions landscape has changed quite dramatically in the past three quarters or so, as rising interest rates, expensive and hard-to-obtain debt, and other factors have quieted the transactions market considerably.

Yet, although Crown MedRealty has slowed the pace of its acquisitions like many other investors, the firm continues to plug along, buying when it finds deals that meet its criteria. In the past 12 months, it has made a rather strong showing by acquiring

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