{"id":1004575697,"date":"2022-04-11T02:45:54","date_gmt":"2022-04-11T10:45:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004575697"},"modified":"2022-12-08T13:20:59","modified_gmt":"2022-12-08T21:20:59","slug":"remedy-kayne-anderson-acquire-eight-building-mob-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/remedy-kayne-anderson-acquire-eight-building-mob-portfolio\/","title":{"rendered":"Remedy, Kayne Anderson Acquire MOB Portfolio"},"content":{"rendered":"
\"\"<\/a>

Key-Whitman Eye Center. Image courtesy of CBRE<\/p><\/div>\n

Remedy Medical Properties<\/strong> and Kayne Anderson Real Estate<\/strong> have added another eight medical office buildings to their joint portfolio. The joint venture partners acquired a collection of assets that spans four states for $91 million from Spruce Healthcare<\/strong>.<\/p>\n

The portfolio totals 177,000 square feet with five of the properties located in Florida and one each in Texas, North Carolina and Tennessee. The portfolio is fully leased and has 11 years of weighted average lease terms with two-thirds of the tenants being in orthopedics, oncology and imaging practices. The remainder of the tenants are in the ophthalmology and dermatology practices, both with ambulatory surgery centers.<\/p>\n

CBRE<\/strong>\u2019s Lee Asher, Chris Bodnar, Jordan Selbiger, Ryan Lindsley, Cole Reethof, Sabrina Solomiany and Zack Holderman represented Spruce Healthcare in the transaction. Asher, vice chairman at CBRE, said in prepared remarks that they needed to find a buyer with the flexibility to close on the complex transaction since it included multiple loan assumptions.<\/p>\n

Major joint investment into medical offices<\/h2>\n

Two months ago, Remedy and Kayne Anderson also acquired the majority interest<\/a> in another medical office portfolio. The joint venture partners purchased the stake in a more than 1 million-square-foot portfolio totaling 23 properties spread throughout 12 states from MedProperties. Before that, Remedy and Kayne Anderson partnered to buy a four-building medical office campus<\/a> totaling 100,419 square feet in Gresham, Ore.<\/p>\n

Overall, the medical office sector has been more resilient than traditional offices throughout the market downturn, according to an outlook from Marcus & Millichap<\/strong> for 2022. The report noted that there\u2019s currently strong tenant demand for medical offices, spurred by appointments resuming and the need from an aging population. The demand is expected to lead to a slight increase of 2.5 percent in asking rent this year, while vacancy will drop to 9.2 percent. The report also expects 9 million square feet of medical offices to open in 2022, but noted the ongoing materials and labor shortage.<\/p>\n","protected":false},"excerpt":{"rendered":"

Spanning four states, the properties are fully leased.<\/p>\n","protected":false},"author":883,"featured_media":1004575713,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22251,21783,21754,23891],"tags":[32789,37279,50434],"class_list":["post-1004575697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-focus","category-investment","category-medical-office","category-national","tag-cbre","tag-kayne-anderson-real-estate-advisors","tag-remedy-medical-properties"],"acf":[],"yoast_head":"\nRemedy, Kayne Anderson Acquire MOB Portfolio - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Remedy and Kayne Anderson have acquired a medical portfolio that spans four states for $91 million from Spruce Healthcare.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/remedy-kayne-anderson-acquire-eight-building-mob-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Remedy, Kayne Anderson Acquire MOB Portfolio\" \/>\n<meta property=\"og:description\" content=\"Remedy and Kayne Anderson have acquired a medical portfolio that spans four states for $91 million from Spruce Healthcare.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/remedy-kayne-anderson-acquire-eight-building-mob-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-11T10:45:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T21:20:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Transactions-CBRE-Remedy-Kayne-Spruce-Key-WhitmanEyeCtr.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/remedy-kayne-anderson-acquire-eight-building-mob-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/remedy-kayne-anderson-acquire-eight-building-mob-portfolio\/\",\"name\":\"Remedy, Kayne Anderson Acquire MOB Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/remedy-kayne-anderson-acquire-eight-building-mob-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/remedy-kayne-anderson-acquire-eight-building-mob-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Transactions-CBRE-Remedy-Kayne-Spruce-Key-WhitmanEyeCtr.jpg\",\"datePublished\":\"2022-04-11T10:45:54+00:00\",\"dateModified\":\"2022-12-08T21:20:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"description\":\"Remedy and Kayne Anderson have acquired a medical portfolio that spans four states for $91 million from Spruce Healthcare.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/remedy-kayne-anderson-acquire-eight-building-mob-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/remedy-kayne-anderson-acquire-eight-building-mob-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/remedy-kayne-anderson-acquire-eight-building-mob-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Transactions-CBRE-Remedy-Kayne-Spruce-Key-WhitmanEyeCtr.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/Transactions-CBRE-Remedy-Kayne-Spruce-Key-WhitmanEyeCtr.jpg\",\"width\":800,\"height\":620,\"caption\":\"Key-Whitman Eye Center. 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