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Industrial-focused net-lease REIT sells healthcare portfolio for $252m
Real Estate - MAY 9, 2024

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Industrial-focused net-lease REIT sells healthcare portfolio for $252m

by Andrea Zander

Joint venture partners Remedy Medical Properties and Kayne Anderson Real Estate, together the nation’s largest private owners of healthcare real estate, today announced the acquisition of a portfolio of 37 healthcare properties from Broadstone Net Lease, an industrial-focused net-lease REIT, for $252 million. The acquisition closed on March 28.

“This transaction provides a unique opportunity to curate a large-scale portfolio of high-quality medical properties,” said Peter Westmeyer, Remedy founder. “We view this as a highly strategic investment that enables us to grow our holdings in core geographies, while also providing an entry point into new markets.”

The portfolio totals more than 708,000 square feet in 13 states, and each property is 100 percent leased. The 37 properties were selected from a larger collection of healthcare assets designated for sale by Broadstone as part of its plan to focus on core net-lease assets in the industrial, retail and restaur

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