{"id":1004680878,"date":"2023-09-19T03:34:18","date_gmt":"2023-09-19T11:34:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004680878"},"modified":"2023-09-19T03:34:45","modified_gmt":"2023-09-19T11:34:45","slug":"kayne-anderson-buys-1-3b-mob-loan-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kayne-anderson-buys-1-3b-mob-loan-portfolio\/","title":{"rendered":"Kayne Anderson Buys $1.3B MOB Loan Portfolio"},"content":{"rendered":"
\"Mercy

Mercy Health Eastgate Medical Center in Cincinnati is part of Kayne Anderson’s health-care portfolio. Image courtesy of CommercialEdge<\/em><\/p><\/div>\n

Kayne Anderson Real Estate<\/strong>, the real estate investment arm of Kayne Anderson Capital Advisors<\/strong>, has acquired from Synovus Bank<\/strong> a $1.3 billion medical office loan portfolio. The purchase was made through the company\u2019s debt platform, KARED,<\/strong> launched in 2015 and which has closed on more than $11 billion since.\u00a0JLL Capital Markets<\/strong> represented Synovus Bank in the transaction.<\/p>\n

The 13 million-rentable-square-foot portfolio spans 33 states and includes 106 floating-rate mortgages secured by 308 medical office building assets. The properties, sponsored by blue-chip institutional investors, are 92.3 percent leased on a long-term basis with an average remaining lease term of nine years and 35 percent of them are anchored by hospitals.<\/p>\n

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READ ALSO:<\/strong> Checkup on Health-Care, Life Science Opportunities<\/a><\/p>\n

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Since its founding in 2007, Kayne Anderson Real Estate has amounted a portfolio of assets under management valued at $14 billion and has completed more than $24 billion of gross investments across its equity and debt strategies. The company\u2019s target sectors include medical office buildings, student and senior housing, as well as attainable housing. With this recent acquisition, the company\u2019s focus is on diversifying its portfolio and scaling its platform, according to prepared remarks from Al Rabil, co-founder & CEO of Kayne Anderson Real Estate.<\/p>\n

Kayne Anderson’s health-care investments<\/h2>\n

KA Real Estate has acquired some 25 million square feet of medical office space that spans 579 properties across 41 states since 2013. The company\u2019s involvement in health-care real estate is strongly tied to its partnership with Remedy Medical Properties<\/strong>.<\/p>\n

In the last couple of years, the two companies made several significant purchases through a joint venture. In early 2022, Remedy Medical Properties, Kayne Anderson Real Estate and MedProperties Realty Advisors LLC formed a $350 million-plus partnership to recapitalize a 23-asset health-care real estate portfolio<\/a> that encompasses more than 1 million square feet, spread across 11 states.<\/p>\n

The partnership kicked off 2023 with another deal, that included the acquisition of Project Prism<\/a>, a collection of 13 medical office properties in eight states, totaling 300,328 square feet. Montecito Medical Real Estate sold that portfolio for $131 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

JLL Capital Markets represented the seller, Synovus Bank.<\/p>\n","protected":false},"author":2829,"featured_media":1004680882,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21783,21754,23891,21742],"tags":[44006,48098,38911],"class_list":["post-1004680878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-investment","category-medical-office","category-national","category-latest","tag-jll-capital-markets","tag-kayne-anderson-capital-advisors","tag-synovus-bank"],"acf":[],"yoast_head":"\nKayne Anderson Buys $1.3B MOB Loan Portfolio - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Kayne Anderson Real Estate has acquired a $1.3 billion medical office building loan portfolio from Synovus Bank, backed by 308 assets.\" \/>\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\/kayne-anderson-buys-1-3b-mob-loan-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kayne Anderson Buys $1.3B MOB Loan Portfolio\" \/>\n<meta property=\"og:description\" content=\"Kayne Anderson Real Estate has acquired a $1.3 billion medical office building loan portfolio from Synovus Bank, backed by 308 assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kayne-anderson-buys-1-3b-mob-loan-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=\"2023-09-19T11:34:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-19T11:34:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/Mercy-Health-Eastgate-Medical-Center.-Image-courtesy-of-CommercialEdge-e1695118014327.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"866\" \/>\n\t<meta property=\"og:image:height\" content=\"650\" \/>\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\/kayne-anderson-buys-1-3b-mob-loan-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/kayne-anderson-buys-1-3b-mob-loan-portfolio\/\",\"name\":\"Kayne Anderson Buys $1.3B MOB Loan Portfolio - 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