CROWN continues to build it’s portfolio in the southeast region.

Montgomery, AL – October 3rd, 2022 – Crown MedRealty Partners (“CROWN“), a premier healthcare real estate firm headquartered in Kansas City, Missouri, is pleased to announce its acquisition of a 21,462-square-foot Class A medical office building (“MOB”) located in Montgomery, Alabama. The three-story, 100% occupied MOB acquisition was via an off-market sale-leaseback transaction with Montgomery Cardiovascular Associates (“MCA”). MCA is the region’s prominent Cardiology provider specializing in general and interventional cardiology, cardiac electrophysiology, interventional heart catheterization, and device implant procedures.

The property is located at 273 Winston M. Blunt Loop and serves as MCA’s flagship medical office building. The location is directly across the street from its hospital affiliate, Baptist Medical Center East, a 200-bed acute care hospital.

Founded in the 1970s, Montgomery Cardiovascular Associates was the first cardiology practice to enter the Montgomery area. For over 50 years, MCA has been Central Alabama’s dedicated provider of comprehensive cardiovascular care. Today, MCA operates across five (5) different locations and employs 17 highly skilled healthcare providers.

“We were approached by MCA’s physician ownership group shortly after seeing our recent portfolio acquisition in the Montgomery area,” said Steve Bessenbacher, Managing Partner & Chief Operating Officer at Crown MedRealty Partners. “Crown is thrilled to add such a high-quality asset to our portfolio but even more grateful to have been chosen by the physicians as their trusted real estate partners. This acquisition will allow us to master this next horizon and continue the commitment that the physician founders have built and nurtured.”

The acquisition is the fourth medical office building in the last year that Crown has acquired in the Montgomery, AL area.

“As physicians tell their peers about their experience with Crown, it often opens doors to partner with new practices across a particular area,” said Brian Beggs, Managing Partner and Chief Investment Officer at Crown MedRealty Partners. “We continue to seek the opportunity to build relationships with provider groups throughout Central Alabama. Our long-term commitment to our tenants and strong reputation of working closely and fairly gives our physician clients the comfort they need to help them reach their strategic goals.”

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 $600 million in completed transactions of medical real estate to date, Crown’s managed portfolio presently includes 90 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.