The value of the transaction featuring Remedy Medical Properties and private equity group Kayne Anderson Real Estate was not revealed but was backed by $27.8 million from a unit of First Citizens Bank, according to a Dec. 14 news release. Abay Medical Plaza is leased to four tenants, including Abay Neuroscience Center and the Pain Center at Kansas Spine & Specialty Hospital.
Remedy Medical Properties is a healthcare real estate company with more than 28 million square feet and 25 offices spanning 43 states. Kayne Anderson invests in medical offices, housing for older adults, off-campus student housing, multifamily housing and self-storage, managing approximately $14.5 billion in real estate.
Private equity groups are an increasing influence in the healthcare industry, having invested $1 trillion in healthcare transactions in the past decade.
