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, according to Welltower, with the remaining tranches to be completed by 2026.
- Number of properties: 296
- Total area: 18 million square feet
- Number of states: 34
- Lease rate: 94 percent
Representatives for the buyers and for Welltower declined to share further information about the portfolio.
Author's summary: Remedy-Kayne Anderson JV buys medical portfolio for $7.2B.
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