Montgomery, Alabama — April 18, 2022—Crown MedRealty Partners (“CROWN”), a leading healthcare real estate firm headquartered in Kansas City, MO, has announced its recent acquisition of Woodmere Medical Office Campus located in Montgomery, AL. The acquisition consists of three Class A medical office buildings (“MOBs”) offering 25,536 square feet of space. The single tenant, 100% occupied campus was purchased through a sale-leaseback transaction with Alabama Orthopedic Specialists.
Alabama Orthopedic Specialists (“AOS”) has been the area’s premier orthopedic expert for over 41 years, specializing in the entire musculoskeletal system including bones, joints, ligaments, muscles, cartilage, and tendons. The properties which just received a $2,300,000 exterior and interior renovation, feature twenty-four (24) exam rooms, four (4) X-Ray rooms, offices and nurse stations, a Physical Therapy facility, and an attached MRI Annex. Strategically situated off the Hwy 85 and Route 231 interchange, the convenient location of the campus draws patients from many surrounding communities including Montgomery, Prattville, and Wetumpka.
The distinguished team of doctors at AOS are all fellowship-trained surgeons who have completed advanced subspecialty training beyond the standard orthopedic residency, spending an additional year with renowned doctors in each of their respective fields, providing them the ability to deliver exceptional care to their patients. As the only subspecialty-trained orthopedic group in the area, Alabama Orthopedic Specialists are able to offer next-level solutions for a broad range of conditions and injuries.
“It is Crown’s privilege to have been selected by the amazing team of physicians at Alabama Orthopedic Specialists to be their real estate partner. While we are always thrilled to add such a first-class asset to our portfolio and grow our presence in Alabama, we are always more grateful for the new relationships opportunities like these create” said Steve Bessenbacher, Managing Partner at Crown MedRealty Partners. “Anytime we are able to help such prominent physician groups like this leverage their real estate back into the growth of their practice, we at Crown feel like we become more than just real estate partners but more like grateful walk-ons to their team. Front row seats and along for the ride but cheering for and a part of their continued success.”
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 80 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 816-412-8465