Ridgeway Medical Campus in Greece, N.Y., is the largest facility in the 37-property portfolio acquired by Remedy Medical Properties and Kayne Anderson Real Estate. The 120,000-square-foot multispecialty outpatient medical center is 100 percent leased to Rochester Regional Health.
Chicago, May 6, 2024 – BMO’s Healthcare Real Estate group announces that it closed a $175,600,000 acquisition loan for a joint venture led by Kayne Anderson Real Estate and managed by Remedy Medical Properties. The BMO loan provided financing for the acquisition of a 37-property medical office portfolio totaling approximately 700,000 square feet across 13 states with concentrations in New York, Indiana, Wisconsin, Florida, North Carolina, Texas, Illinois, Washington, and Virginia. The portfolio is 100% leased to over 40 tenants with uses spanning the acuity spectrum, ranging from multi-specialty clinics, ambulatory surgery centers, imaging centers, cancer centers and in-patient rehab facilities. Loan proceeds include capital allocated for future leasing and value enhancement.
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About Kayne Anderson Real Estate
Kayne Anderson Real Estate is a leading real estate investment firm, managing approximately $15 billion in assets under management across opportunistic equity, core equity, and real estate debt, with sector expertise in medical office, seniors housing, off-campus student housing, multifamily housing, and self-storage. Kayne Anderson Real Estate is part of Kayne Anderson, a $34 billion alternative investment management firm with more than 40 years of successful experience in the real estate, renewable and energy infrastructure, energy, credit, and growth capital sectors. For more information, visit https://www.kayneanderson.com/real-estate/. (As of December 31, 2023)
About Remedy Medical Properties
Remedy Medical Properties is a full-service healthcare real estate company and the largest private owner of healthcare properties in the country, with over 30 million square feet and 25 offices spanning 43 states. Remedy offers unmatched flexibility in every client engagement, and our adaptability enables us to provide more options in ownership, development, leasing, management, and strategy. Our willingness to commit capital, share more risk, and offer greater foresight results in greater resilience, profitability, and peace of mind for our clients. For more information visit www.RemedyMed.com.
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