Mobile, Alabama – February 9th, 2023 – Crown MedRealty Partners (“CROWN“), a premier healthcare real estate firm headquartered in Kansas City, Missouri, is pleased to announce its recent acquisition of a three-tenant, medical office building (“MOB”) located on the campus of the 349-bed Ascension Providence Hospital.
Located in Mobile, Alabama, the 22,460 square-foot, on-campus MOB is 100% occupied by West Mobile Medical Group, Providence Medical Group – Airport, and Providence Hospital – Sleep lab. Each tenant is a subsidiary of Providence Medical Group, one of the largest health systems in the country and the area’s largest non-profit network of primary care and specialty physicians.
“Acquiring a premier asset located on the campus of a renowned health system and critical care hospital not only represents a strategic investment, but also positions Crown to be an active player in the heart of a growing medical community in Mobile,” said Brian Beggs, Chief Investment Officer and Managing Partner. “This desirable location, embedded within a thriving healthcare ecosystem, will allow us to tap into numerous other opportunities that come with being part of a top-notch healthcare community.”
“Our deep knowledge and belief in the tremendous market fundamentals of the Southern United States drive our continued investment in the region,” said Steve Bessenbacher, Chief Operating Officer and Managing Partner. “With a strong commitment to growth and expansion, we look forward to continuing our legacy of creating unique real estate strategies for physician owners in a privately owned structure. We are proud to be at the forefront of the healthcare real estate industry and look to deploy new capital into the thriving, Southern United States”
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 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.