Central, Kentucky – January 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 four (4) property ophthalmology portfolio. Located in the Central Kentucky, the ophthalmology portfolio was acquired via a physician owned, off-market, sale-leaseback transaction with Kentucky Eye Institute (“KEI”). KEI is the region’s recognized and preferred eye care practice dedicated to providing World-Class comprehensive eye care solutions. The highly qualified and dedicated staff at KEI specializes in Cataract surgery, LASIK, Retina Services, Glaucoma Services, Oculoplastic, Ocular Surface Diseases, Refractive Errors, and Optical Solutions.
Located in the cities of Lexington, Morehead, Corbin, and Maysville, Kentucky, the 100% occupied ophthalmology portfolio consists of 31,360 square-feet.
“We are thrilled to close out a strong 2022 with this acquisition and be able to empower KEI in their mission to provide high-quality eye care solutions to the Central Kentucky community,” said Steve Bessenbacher, Chief Operating Officer & Managing Partner of Crown MedRealty Partners. “Over the past year, we at Crown MedRealty Partners have been fortunate to acquire a diverse portfolio of medical office buildings, including properties in multiple states across the country,” said Steve Bessenbacher, Chief Operating Officer & Managing Partner of Crown MedRealty Partners. “These acquisitions have allowed us to expand our reach and serve a greater number of healthcare systems and physician partners. We are committed to supporting the growth and success of our partners, and we are grateful for the opportunity to do so through these strategic acquisitions.”
As the final addition to Crown MedRealty Partners’ portfolio in 2022, the acquisition of the Kentucky Eye Institute portfolio caps off what has become another monumental year of growth for the young firm. In only its second year since the rebranding of the healthcare real estate investment company, Crown completed over $100 million in healthcare real estate transactions, adding twenty-one (21) properties and over 300,000+ square feet to their managed portfolio.
“As we take on the new year, Crown is committed to being the physicians preferred real estate partner. We take pride in our flexible capital strategies and ability to provide creative solutions to each of the unique structures we are presented with,” said Brian Beggs, Chief Investment Officer and Managing Partner of Crown MedRealty Partners. “We look forward to new and continued long-term relationships with medical office owners and providers to maximize their wealth while building stronger practices.”
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.
