CROWN MEDREALTY PARTNERS ACQUIRES A TWO-TENANT MOB IN KANSAS CITY

Raymore, Missouri – October 17th – Crown MedRealty Partners (“CROWN”), a premier healthcare real estate firm headquartered in Kansas City, Missouri, is pleased to announce the recent acquisition of a two-tenant, 100% net-leased medical outpatient building (“MOB”) in Raymore, Missouri. The MOB was acquired via an off-market transaction with a private developer/physicians ownership group.

Located within the Kansas City MSA, the 17,480 square-foot facility is fully occupied by SANO— one of area’s largest orthopedic and vascular care providers with over 30 physician specialists on staff and F.I.T. Muscle & Joint—a leading physical therapy and chiropractic clinic with 10+ locations across the KCMO metro.

“We’re enthusiastic about our latest acquisition here in Kansas City, but even more so, are grateful to have the opportunity to work with such a respected group of local physicians, leveraging their real estate back into the growth of their practice,” said Chris Nordstrom, Vice President of Acquisitions at Crown MedRealty Partners. “We recognize and welcome the trust that they’ve placed in us and are eager to support them in their ongoing growth and success.”

This is the 3rd MOB that Crown MedRealty Partners has acquired in the last 4 weeks, and marks the 10th building within the Kansas City Metro.

“We were entrusted with this opportunity to acquire a high-quality asset because of our reputation for consistently delivering on our commitments, which I believe continues to strengthen our position as a leader in the healthcare real estate sector,” said Steve Bessenbacher, Managing Partner at Crown MedRealty Partners. “Our approach has always been to remain flexible, creative, and ethical, and since Crown’s founding, we’ve never strayed from those principles. It was an honor to work with the Sellers on a very efficient and effective 45-day closing process, and we look forward to more opportunities together.”

About Crown MedRealty Partners

Crown MedRealty Partners, LLC, (“CROWN”) is a privately owned and vertically integrated commercial real estate firm who specializes and focuses exclusively on healthcare related real estate. Headquartered in Kansas City, Missouri, Crown provides its health system and physician partners with a full range of real estate services including investment and capital solutions, acquisitions, development, property sales, management and leasing. With north of $650 million in completed transactions of medical real estate to date, Crown’s managed portfolio presently includes 100+ properties totaling 1.7 million square feet and spans across 30 states nationwide.

As an industry leader in healthcare related real estate, we believe in thinking creatively, acting with integrity, adapting quickly, and taking a hands-on approach to every deal. If you would like to discuss your future partnership with CROWN, please contact our team at 816-878-6307