Shakopee, Minnesota – November 20th, 2023 – Crown MedRealty Partners (“CROWN“), a premier healthcare real estate firm headquartered in Kansas City, Missouri, is pleased to announce its latest acquisition of a single-tenant medical office building (“MOB”) in Shakopee, Minnesota.
Spanning 10,270 square-feet, the property is fully leased and occupied by Action Behavior Centers. With more than 160 centers across the country, Action Behavior Centers is an industry leader in high-quality Applied Behavioral Analysis (“ABA”) therapy, targeting effective interventions for children of the autism spectrum disorder (“ASD”).
“The evolving dynamics in the ABA therapy sector are increasingly attractive for investment, guiding our focus toward this area. Considering that approximately 1 in 54 children are identified with ASD in the US, there’s a noticeable rise in service demand, supported by strengthening legislative backing and progressive policy advances,” said Steve Bessenbacher, Chief Operating Officer, and Managing Partner at Crown MedRealty Partners. “Aware of the growing need for ABA Therapy and influenced by the strong healthcare profile of Minnesota, our investment represents a strategic step in expanding our presence in an area where the demand for specialized ASD care is rapidly growing.”
This acquisition is Crown’s second venture into the Behavioral Health space and signifies its expanding footprint across the upper Midwest region.
Sabrina Kortlandt and Kyle Fant of SRS Real Estate Partners assisted in the sale facilitation.
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 1.5 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