Southwest, Indiana – December 1st, 2022 – Crown MedRealty Partners (“CROWN“), a premier healthcare real estate firm headquartered in Kansas City, Missouri, is pleased to announce its recent acquisition of a two (2) property orthopedic portfolio. Located in the Southwest Indiana metropolitan area, the orthopedic portfolio is being acquired via a physician owned, off-market, sale-leaseback transaction with Tri-State Orthopaedics (“TSO”). TSO is Southwest Indiana’s largest orthopedic practice specializing in adult joint reconstruction, arthroscopy, hand trauma and reconstructive surgery, spine surgery, neurology, microvascular surgery, and sports medicine.
Located in the cities of Vincennes and Newburgh, Indiana, the 100% occupied medical office portfolio consists of 12,119 square-feet.
“We are excited about the opportunity to acquire another outstanding medical office asset and enter into a long-term partnership with Tri-State Orthopaedics and the physicians who practice there,” said Steve Bessenbacher, Chief Operating Officer and Managing Partners at Crown MedRealty Partners. “We are thrilled to be chosen as the physician’s trusted real estate partners. Anytime we can help such a distinguished physician group like TSO leverage their real estate back into the growth of their practice, we at Crown feel like we have become more than a real estate partner.”
“Crown MedRealty has deep roots in the Midwest region, and our continuing investments across these states both reflect our deep knowledge and belief in the strong market fundamentals, said Brian Beggs, Chief Investment Officer and Managing Partner at Crown MedRealty Partners. “Given today’s tumultuous market, we create unique strategies to successfully leverage the most competitive capital strategies available in a privately owned structure. As we look to conquer this next horizon, we look forward to welcoming other physician groups to the Crown advantage.”
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.