News Release: Remedy Medical Properties and Kayne Anderson Real Estate Begin Construction on New Advanced Orthopaedics & Sports Medicine MOB

The 17,452-square-foot medical office building will increase access to quality orthopedic care in North Houston

TOMBALL, TX and CHICAGO, February 19, 2025 – A partnership of Remedy Medical Properties and Kayne Anderson Real Estate, together the nation’s largest private owners of healthcare real estate, and Advanced Orthopaedics & Sports Medicine (AOSM), a division of OrthoLoneStar, the largest independent orthopedic practice in Texas, announced today that construction has begun on a new 17,452-square-foot medical office building (MOB) adjacent to the Legent North Houston Surgical Hospital in Tomball.

Remedy Medical Properties, Kayne Anderson Real Estate and Advanced Orthopaedics & Sports Medicine recently began construction of a new 17,452-square-foot facility in Tomball, TX, expected to open in fall 2025.

Upon completion in the fall, AOSM will move its existing clinic in the North Cypress Professional Building at Lakewood Crossing at 22485 Tomball Pkwy. into the new one-story MOB at 11520 Northpointe Blvd. The facility will offer clinical orthopedic services as well as physical therapy and imaging.

“Remedy is excited to partner with a world-class orthopedic practice like AOSM, and address multiple needs at once,” said Kyle Edington, senior vice president of development with Remedy. “The practice has been interested in expanding its services in Tomball while remaining convenient for patients. We were able to offer a site next to a hospital where its physicians already perform surgery, in addition to our development services. It’s a great example of how Remedy assists health providers to anticipate and satisfy the needs of both patients and practitioners.”

The new MOB is located on the busy Tomball Parkway (SH 249), a mile south of the Grand Parkway (SH 99) loop, making it easily accessible to patients throughout north and northwest Houston. The site will feature 83 parking spaces.

Remedy also owns the Legent North Houston Surgical Hospital. Because of the project’s proximity to the hospital grounds, Remedy’s development has taken steps to minimize disruption to operations, including providing temporary parking for staff and visitors.

The project development team also includes architect XA Collective, general contractor Rogers-O’Brien and civil engineer Up Engineering.

About Remedy Medical Properties
Remedy Medical Properties is a full-service healthcare real estate company and the largest private owner of medical properties in the country, with over 33 million square feet and 25 offices spanning 44 states. For healthcare decision-makers wanting to maximize the value of their real estate while enhancing their ability to adapt, Remedy offers unmatched flexibility and resources in ownership, development, leasing, management, and strategy. Our willingness to commit capital, share more risk, and offer greater foresight increases your resilience, profitability, and peace of mind. For more information visit www.RemedyMed.com.

About Kayne Anderson Real Estate
Kayne Anderson Real Estate is a leading real estate investment firm, managing approximately $17 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 $37 billion alternative investment management firm with more than 40 years of successful experience across real estate, infrastructure, energy, and credit. For more information, visit www.kayneanderson.com/real-estate/. (As of January, 2025)

About Advanced Orthopaedics and Sports Medicine
Advanced Orthopaedics & Sports Medicine (AOSM), a division of OrthoLoneStar, is the second-largest independent orthopedic group in Houston, with 20 physicians, including 17 surgeons, and 7 PA/NPs across four locations. Our comprehensive musculoskeletal care team specializes in orthopedic and spine surgery, pain management, rheumatology, occupational medicine, and sports medicine. We also provide in-house physical therapy, occupational therapy, and casting/bracing services. In partnership with Legent, AOSM has developed an orthopedic subspecialty hospital to offer high-quality, cost-effective inpatient and outpatient surgical care. Recognized for excellence, we have been voted Best of the Best Orthopedic Center (2021–2024) and Best Pain Management (2022–2023) by the Houston Chronicle, as well as a Best in Cy-Fair winner in four categories by Living Magazine in 2022. Learn more at www.advancedosm.com.

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