{"id":1004673969,"date":"2023-07-31T02:04:57","date_gmt":"2023-07-31T10:04:57","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004673969"},"modified":"2023-07-31T02:04:59","modified_gmt":"2023-07-31T10:04:59","slug":"remedy-kayne-anderson-buy-atlanta-mob-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/remedy-kayne-anderson-buy-atlanta-mob-portfolio\/","title":{"rendered":"Remedy, Kayne Anderson Buy Atlanta MOB Portfolio"},"content":{"rendered":"
\"Medical<\/a>

Medical office buildings on the Piedmont Fayette Hospital campus. Image courtesy of CBRE<\/em><\/p><\/div>\n

Remedy Medical Properties<\/strong>, in partnership with Kayne Anderson Capital Advisors<\/strong>, has acquired two medical office buildings totaling 192,363 square feet in Fayetteville, Ga. The joint venture purchased the buildings from Piedmont Healthcare<\/strong> through a 70-year ground lease with a 15-year extension option, public records show. CBRE<\/strong> represented the seller.<\/p>\n

In January, the partnership also acquired a 13-property medical office portfolio<\/a> spanning eight states. Montecito Medical Real Estate sold the assets for $131 million.<\/p>\n

On the Piedmont Fayette Hospital campus<\/h2>\n

The portfolio comprises two buildings of 97,164 square feet and 100,800 square feet, respectively, built between 1996 and 2006 on approximately 5 acres on the Piedmont Fayette Hospital campus. The Class A, five-story facilities feature controlled access, five passenger elevators, 544 parking spots and share parking with the hospital as well, without a specific number of spaces allotted.<\/p>\n

Piedmont Healthcare is the properties’ anchor tenant, occupying 63 percent of the space; the nonprofit\u00a0 has recently renewed its 15-year lease at both buildings. The portfolio was 97 percent leased at the time of sale to a mix of regional tenants, including Nephrology Consultants of Georgia and Women\u2019s Specialists of Fayette, among others. Medical services provided include surgery, oncology, cardiology, orthopaedics, as well as pulmonary and critical care.<\/p>\n

Located at 1265 and 1267 Highway 54, with exposure to West Lanier Avenue, the medical office buildings are 30 miles south of downtown Atlanta. Other medical providers in the surrounding area include Peachtree Medical Center, Piedmont Urgent Care, Synergy Primary Care and Southern Crescent Medical Clinic.<\/p>\n

The CBRE team representing the seller included Vice Chairman Lee Asher, Senior Vice President Zack Holderman, First Vice President Jordan Selbiger, Senior Director Trent Jemmett and Director Cole Reethof.<\/p>\n","protected":false},"excerpt":{"rendered":"

The two Class A facilities total more than 190,000 square feet.<\/p>\n","protected":false},"author":2829,"featured_media":1004673971,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21783,21754,21742,32781],"tags":[32789,48098,50434],"class_list":["post-1004673969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-investment","category-medical-office","category-latest","category-southeast","tag-cbre","tag-kayne-anderson-capital-advisors","tag-remedy-medical-properties"],"acf":[],"yoast_head":"\nRemedy, Kayne Anderson Buy Atlanta MOB Portfolio - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Remedy Medical and Kayne Anderson acquired a medical office portfolio near Atlanta from Piedmont Healthcare, through a 70-year ground lease.\" \/>\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-buy-atlanta-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 Buy Atlanta MOB Portfolio\" \/>\n<meta property=\"og:description\" content=\"Remedy Medical and Kayne Anderson acquired a medical office portfolio near Atlanta from Piedmont Healthcare, through a 70-year ground lease.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/remedy-kayne-anderson-buy-atlanta-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=\"2023-07-31T10:04:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-31T10:04:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Medical-office-buildings-on-the-campus-of-Piedmont-Fayette-Hospital.-Image-courtesy-of-CBRE-e1690537871304.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"980\" \/>\n\t<meta property=\"og:image:height\" content=\"734\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\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-buy-atlanta-mob-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/remedy-kayne-anderson-buy-atlanta-mob-portfolio\/\",\"name\":\"Remedy, Kayne Anderson Buy Atlanta MOB Portfolio - 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