CBRE has announced that it arranged the sale of a medical office building (MOB) portfolio spanning 192,363 square feet across two buildings in Fayetteville, Georgia.
A joint venture between Remedy Medical Properties and Kayne Anderson Capital Advisors acquired the portfolio for an undisclosed price. A team from CBRE arranged the sale and represented the seller, Piedmont Healthcare, in the transaction.
The properties are directly connected to the 310-bed Piedmont Fayette Hospital.
Remedy Medical Properties is a full-service healthcare real estate company and the largest private owner of healthcare properties in the country, with more than 26 million square feet and more than 20 offices spanning 42 states.
Kayne Anderson Real Estate is a real estate private equity investor in medical office, seniors housing, off-campus student housing, multifamily housing and self-storage. The company manages $14 billion of real estate assets under management across opportunistic equity, core equity and real estate debt. Kayne Anderson Real Estate is part of Kayne Anderson Capital Advisors, L.P., a $32 billion alternative investment management firm.
According to data captured in the LevinPro HC database, this represents the 124th MOB transaction of 2023. This also marks the Remedy and Kayne Anderson joint venture’s fourth transaction of 2023, and its ninth since it was formed in February 2022.
