Kayne Anderson Real Estate together with exclusive joint venture operating partner in medical office, Remedy Medical Properties (“Remedy”), is the largest privately held, non-hospital affiliated owner of the asset class in the United States. Through our partnership with Remedy, an owner and operator in the medical office industry since 1984, KA Real Estate has a distinct sourcing advantage, resulting in off-market access to virtually all our opportunities.
The real estate expertise and resources of Kayne Anderson Real Estate, combined with the breadth of Remedy’s network allows the joint venture to acquire properties that are under-managed and undercapitalized. Then, through renovations and operational improvements turn them into institutional quality portfolios. Since 2017, Kayne Anderson Real Estate has aggregated and sold 6.9 million square feet of medical office space to large institutional buyers and continues to implement operating efficiencies and lease-up strategies across its existing portfolios.
The cornerstone of our investment strategy is our ability to apply our deep professional real estate experience and extensive network to bring value to fragmented sectors experiencing growth.
Over 80% of medical tenants renew their leases vs. 60% renewal rates in traditional office tenancy.
Recession-resistant asset class which is minimally correlated to macro-economic trends and inherent supply constraints create significant barriers to entry.
Key healthcare relationships (both sourcing and leasing) are imperative to success.
Changing delivery model (emphasizing lower costs and better results) is driving a massive shift from inpatient services (hospital) to outpatient services (medical office).
