Coon Rapids, MN — Remedy Medical Properties (“Remedy”) and Kayne Anderson Real Estate today announced the acquisition of Mercy Healthcare Center, a 93,504-square-foot medical outpatient building located adjacent to Allina Health’s Mercy Hospital. The property is currently 83% leased.
The four-story property features 331 designated surface parking spaces, along with access to an additional 182 shared hospital parking spaces. Tenant specialties include ear, nose, and throat (ENT), physical therapy, OB/GYN, urology, prenatal care, periodontics and implant dentistry, and orthotics and prosthetics.
Mercy Healthcare Center complements Remedy’s recent acquisition near Mercy Hospital, Allina Coon Rapids, which is fully occupied.
“This acquisition builds on our recent purchase of a medical outpatient building in close proximity to Mercy Hospital and further strengthens our relationship with Allina Health,” said Joe Magliochetti, Chief Investment Officer at Remedy. “Together, these assets support a more connected outpatient network and continue to drive physician and patient demand.”
About Remedy Medical Properties
Remedy Medical Properties is the largest owner and operator of outpatient medical real estate in the United States with over 52.4M square feet and more than 1,100 properties in 44 states. The company provides a platform with scale and geographic depth, access to capital, and operational excellence with vertically integrated services including investments, asset management, development, leasing, management, and consulting. Learn more at remedymed.com.
About Kayne Anderson Real Estate
Kayne Anderson Real Estate is a leading real estate investment firm, managing approximately $21 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, self-storage, and light industrial. Kayne Anderson Real Estate is part of Kayne Anderson, a $41 billion alternative investment management firm with more than 41 years of successful experience across real estate, infrastructure, energy, and credit. For more information, visit www.kayneanderson.com/real-estate/. (As of April 2026)
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