Cincinnati, Ohio – January 9th, 2024 – 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 Cincinnati, Ohio. This MOB was purchased all-cash.
Spanning 7,000 square feet, the facility is entirely leased and occupied by Mayfield Brain and Spine. Renowned for its pioneering role in neurological care since 1938, Mayfield Brain and Spine serves over 29,000 patients yearly across 40 states. The practice offers extensive care for a range of conditions associated with the brain, spine, and peripheral nerves.
“We are thrilled to conclude 2023 with this acquisition, featuring a top-tier tenant, and to continue the strong momentum we’ve built throughout the year,” said Steve Bessenbacher, Chief Operating Officer, and Managing Partner. “Despite 2023’s challenges, Crown has successfully acquired a diverse portfolio of MOBs across various states. These acquisitions enable us to broaden our support to an increasing number of healthcare systems and physician partners.
Marking the final addition to Crown MedRealty Partners’ portfolio in 2023, the Mayfield Brain and Spine acquisition signifies another year of expansion in a period marked by general slowdown in MOB acquisitions.
“Even amidst economic uncertainties, Crown has consistently demonstrated reliability as a buyer,” said Brian Beggs, Chief Investment Officer, and Managing Partner. “As we take on the new year, our commitment is to remain the preferred healthcare real estate partner for medical office owners and physicians. We pride ourselves on our flexible capital strategies and ability to provide creative solutions to each of the unique structures we are presented with. We look forward to new and continued long-term relationships in 2024.
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