Chicago, May 17, 2024 – BMO’s Healthcare Real Estate group announces that it closed a $44,800,000 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 93,386 SF build-to-suit occupied by RUSH University Medical Center. The 2018 LEED Gold certified facility is an outpatient healthcare hub featuring a high volume, Certificate of Need protected, multi-specialty surgery center containing six operating rooms, two procedure rooms, and 28 bays.
RUSH hand-selected this location as a regional destination center with the goal of providing convenient access to advanced specialties for the western suburbs of Chicago and beyond. The facility currently accommodates 17 clinical specialties with more than 65 exam rooms, outpatient surgical suites, an advanced imaging center, and laboratory services. The attached 492-space parking structure provides direct building access on each floor.
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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 $35 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 March 31, 2024)
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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