Abay Medical Plaza
A three way partnership between Kayne Anderson Actual Property and Treatment Medical Properties has bought a surgical hospital and a medical workplace constructing portfolio in Wichita, Kan. The earlier proprietor of the properties was Kansas Backbone & Specialty Hospital, CommercialEdge reveals. CIT Healthcare Finance, a division of First Residents Financial institution, supplied $27.8 million in acquisition financing.
The portfolio consists of Kansas Backbone & Specialty Hospital and Abay Medical Plaza. In response to CommercialEdge, the medical workplace final traded in 2019 and was beforehand topic to a $5.7 million mortgage, originated by Simmons Financial institution.
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Kansas Backbone & Specialty Hospital is a medical heart that gives prognosis and remedy for problems of the backbone, neck and joints. Abay Medical Plaza is a 27,525-square-foot constructing, accomplished in 2005. The low-rise Class B property sits on 3.9 acres and presents 146 parking areas. The tenant roster contains Abay Neuroscience Heart and Ache Heart at Kansas Backbone & Specialty Hospital.
The properties are situated at 3223 and 3333 N. Webb Street, within the Wichita medical hall, 11 miles from town heart, near Freeway 96 which offers connection to interstates 135 and 235. Different medical amenities within the space embody Kansas Medical Heart, Wesley Medical Heart and Kansas Gastroenterology, amongst others.
Earlier joint investments
Firstly of the yr, Treatment Medical Properties, Kayne Anderson and MedProperties fashioned a $350 million-plus three way partnership for the recapitalization of a health-care actual property portfolio, which consisted of 23 property, totaling greater than 1 million sq. toes, situated throughout 11 states. The Treatment and Kayne Anderson partnership acquired one other portfolio in April, and paid $91 million for eight medical workplace buildings, bought by Spruce Healthcare. The 177,000-square-foot portfolio is situated in Florida, Texas, North Carolina and Tennessee.
In response to CommercialEdge information, Treatment Medical Properties presently owns near 270 medical workplace buildings all through the U.S., including to a complete of roughly 15.2 million sq. toes.
