Sartell, Minnesota – August 3, 2026 – Crown MedRealty Partners (“Crown”), a premier healthcare real estate firm headquartered in Kansas City, in partnership with its new institutional equity partner, is pleased to announce the start of its new joint venture (“JV”) with the acquisition of a single-tenant interventional pain management clinic and ambulatory surgery center (“ASC”) located in Sartell, Minnesota, a city located in the St. Cloud MSA.
The 12,800 square-foot ASC was acquired via a sale-leaseback transaction, with Center for Pain Management signing a long-term NNN lease at closing. Center for Pain Management is a physician-led practice specializing in minimally invasive interventional pain procedures, including epidural injections, nerve blocks, radiofrequency ablations, and spinal cord stimulator trials. Operating across three Minnesota locations, the practice completes nearly 30,000 procedures annually.
“Sale-leasebacks continue to be a central part of how we invest,” said Chris Nordstrom, Vice President of Acquisitions at Crown MedRealty Partners. “They give physician owners a practical way to monetize the real estate they own while retaining complete control of their operations. At Crown, building relationships with top-tier medical providers is at the core of our strategy, and we intend to be a partner this group can rely on well beyond closing.”
The acquisition is the first investment under a newly formed programmatic JV between Crown and its undisclosed institutional equity partner. The venture was launched with two assets, including a MOB in Syracuse, New York, recapitalized into the JV at closing. The vehicle will pursue core MOB and ASC assets nationally, across top MSAs as well as growing secondary and tertiary markets, targeting facilities occupied by health systems, leading physician practices, and MSO-backed groups. The JV is supported by a credit facility with Capital One, National Association, providing debt financing across the acquisitions.
“This venture gives us dedicated capital and financing behind a strategy we have been executing for more than a decade,” said Brian Beggs, Chief Investment Officer and Co-Managing Partner at Crown MedRealty Partners. “Our partner shares our conviction in healthcare real estate, and the structure gives us the certainty of execution that sellers value. Moving forward, we expect to remain among the most active buyers in the space.”
“Center for Pain Management is a good illustration of what we are looking to acquire,” said Steve Bessenbacher, Chief Operating Officer and Co-Managing Partner at Crown MedRealty Partners. “A modern, purpose-built facility, occupied by an established physician group, secured under a long-term net lease. This is the profile we intend to repeat across the venture, and we expect several more closings in the months ahead.”
About Crown MedRealty Partners
Crown MedRealty Partners, LLC, (“CROWN”) is a privately owned and vertically integrated commercial real estate firm who specializes and focuses exclusively on healthcare related real estate. Headquartered in Leawood, Kansas Crown provides its health system and physician partners with a full range of real estate services including investment and capital solutions, acquisitions, development, property sales, management and leasing. With north of $800 million in completed transactions of medical real estate to date, Crown’s managed portfolio presently includes 120+ properties totaling 2 million square feet and spans across 24 states nationwide.
As an industry leader in healthcare related real estate, we believe in thinking creatively, acting with integrity, adapting quickly, and taking a hands-on approach to every deal. If you would like to discuss your future partnership with CROWN, please contact our team at 816-878-6307
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