Akron, Ohio – October 17th, 2022 – Crown MedRealty Partners (“CROWN“), a premier healthcare real estate firm headquartered in Kansas City, Missouri, is pleased to announce its acquisition of a four (4) property ophthalmology portfolio including a specialized ambulatory surgery center. Located throughout the Northeastern Ohio metropolitan area, the four-property portfolio is being acquired via an off-market transaction.
With locations in Kent, Stow, and Akron, Ohio, the portfolio consists of 31,812 square-feet and is fully occupied on long-term leases by Northeast Ohio Eye Surgeons (“NEOES”), a comprehensive surgical eye care provider with various locations throughout Northeast Ohio.
Founded in 1982, Northeast Ohio Eye Surgeons have become the market-dominant ophthalmology practice with six state-of-the-art facilities throughout the region. For more than 30 years, NEOES has been the dedicated provider of specialized private vision care and full spectrum surgical treatment of eye diseases and conditions from childhood through the golden years.
“This acquisition represents another key investment across our geographic footprint in markets that we are seeking to add scale,” said Stephen Bessenbacher, Managing Partner and Chief Operating Officer at Crown MedRealty Partners. “Signifying our long-term commitment to the greater Northeast Ohio MSA, we continue to target this dynamic market as we look to build upon our existing relationships in the area.”
This acquisition continues Crown MedRealty Partner’s expanding presence throughout Ohio and adds to their fast-growing portfolio of ophthalmology medical office properties.
“These single-tenant outpatient ophthalmology facilities demonstrate the superior market fundamentals of the healthcare real estate sector. High-quality ophthalmology buildings have become increasingly attractive and provide greater investment stability – not just today, but well into the future,” said Brian R. Beggs, Managing Partner and Chief Investment Officer at Crown MedRealty Partners. “We continue to be optimistic in our ability to identify compelling investment opportunities as well as support our health system partners in making the most out of their real estate.”
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