**Remedy Medical Properties and Kayne Anderson Acquire National Medical Office Portfolio**
Remedy Medical Properties and Kayne Anderson Real Estate have announced the acquisition of a significant portfolio of outpatient medical assets from Welltower. The portfolio includes approximately 18 million square feet across 296 properties spanning 34 states.
As part of the transaction, Remedy Medical Properties will onboard 170 employees from Welltower, expanding Remedy’s workforce to more than 500 employees located in 60 offices nationwide. Remedy will also assume full operational control of the portfolio, including leasing and property management responsibilities. While Welltower has sold the physical assets, it will retain a preferred equity position, as well as a profits interest in the portfolio.
The acquisition was supported by major financial institutions. Citigroup Global Markets Inc., J.P. Morgan, and Truist Securities, Inc. acted as financial advisors. The transaction was financed through two separate first mortgage loans. One facility was led by Capital One, National Association, Ally Bank, J.P. Morgan, Truist Securities, and BMO Bank N.A., while the other was led by Citigroup Global Markets Inc., J.P. Morgan, and Goldman Sachs.
This transaction marks a significant expansion for Remedy Medical Properties and underlines growing investor interest in healthcare real estate assets.
