Albert Rabil Of Kayne Anderson And Peter Westmeyer Of Remedy Medical Properties Acquire Medical Office From Shankh Mitra Of Welltower For $151.9M

The medical office building located at 4813 9th Avenue, Borough Park, Brooklyn, spans 206,714 square feet and was sold for $151,900,000. The transaction involved Kayne Anderson and Remedy Medical Properties acquiring the asset from Welltower.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $151,900,000
• Square Footage: 206,714
• Price Per Square Foot: $735
• Buyer: Albert Rabil - Kayne Anderson
• Buyer: Peter Westmeyer - Remedy Medical Properties
• Seller: Shankh Mitra - Welltower
• Date of Transaction: 11/21/2025

Kayne Anderson and Remedy Medical Properties executed the acquisition through Mocha MP Holdco I Wrk7, LLC, as part of a larger $6 billion portfolio sale orchestrated by Welltower.