Remedy-Kayne Anderson JV to Pay $7.2B for Medical Outpatient Portfolio
A joint venture of Remedy Medical Properties and Kayne Anderson Real Estate will pay about $7.2 billion to acquire 296 outpatient facilities from Welltower.
The portfolio, spanning 18 million square feet over 34 states, is 94 percent leased and expected to be sold across several tranches through mid-2026.
The first $2 billion tranche closed in October, with the remaining tranches to be completed by 2026.
- Portfolio size: 296 outpatient facilities
- Total area: 18 million square feet
- Location: 34 states
- Lease rate: 94 percent
No further information about the portfolio was disclosed by the buyers or Welltower.
Author's summary: Remedy-Kayne Anderson JV buys medical portfolio for $7.2B.
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