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Kayne Anderson Real Estate & Remedy Medical Properties  Acquire Hospital Portfolio For $251.7M From Broadstone
SOLD

Kayne Anderson Real Estate & Remedy Medical Properties Acquire Hospital Portfolio For $251.7M From Broadstone

Kayne Anderson Real Estate & Remedy Medical Properties Acquire Hospital Portfolio For $251.7M From Broadstone

Hospital
clock iconSold 73 days ago
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Summary

Sale
ILLINOIS
Hospital

The Hospital Portfolio, consisting of 37 healthcare properties, was sold for $251,700,000. The properties are located in major markets such as Chicago, Houston, Charlotte, N.C., Indianapolis, Seattle, Tampa, Fla., and Arlington, Texas. They are fully leased to healthcare operators, providing steady income from ambulatory surgery centers and imaging facilities.

Summary of transation details:

  • Property Type: Hospital
  • Transaction Amount: $251,700,000
  • Buyer: Lee Asher - Kayne Anderson Real Estate; Peter Westmeyer - Remedy Medical Properties
  • Seller: John D. Moragne - Broadstone
  • Broker: JLL

The acquisition of the Hospital Portfolio involved buyers Lee Asher from Kayne Anderson Real Estate and Peter Westmeyer from Remedy Medical Properties, while John D. Moragne from Broadstone served as the seller. JLL facilitated the transaction.

Details

Deal Summary
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SOLD
IMAGE: Lee Asher, Peter Westmeyer & John D. Moragne DATE: 05/02/2024 ADDRESS: Hospital Portfolio MARKET: Chicago, Houston, Charlotte, N.C., Indianapolis, Seattle, Tampa, Fla. & Arlington, Texas ASSET TYPE: Hospital BUYER: Lee Asher - Kayne Anderson Real Estate; Peter Westmeyer - Remedy Medical Properties (@RemedyMedProp) SELLER: John D. Moragne - Broadstone BROKER: JLL (@JLL) SALE PRICE: $251,700,000 NOTE: Kayne Anderson Real Estate and Remedy Medical Properties have acquired a $251.7 million portfolio of 37 healthcare properties from Broadstone Net Lease Inc. The properties are fully leased to healthcare operators in major markets like Chicago, Houston, and Seattle. Remedy Medical is extending leases with existing tenants to ensure steady income from ambulatory surgery centers and imaging facilities with costly build-out requirements that enhance tenant retention.

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AddressKayne Anderson Real Estate & Remedy Medical Properties Acquire Hospital Portfolio For $251.7M From Broadstone

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