Winstead Acts For MedProperties Realty Advisors LLC In $350 Million Sale And Asset

Winstead PC, a leading national law firm, today announced that
it represented its client, MedProperties Realty Advisors LLC, in the sale
and recapitalization of a portfolio of medical office buildings
(MOBs) and other healthcare-oriented real estate to Remedy Medical
Properties and Kayne Anderson Real Estate.

“The $350 million sale and recapitalization to Remedy and
Kayne Anderson involved 23 assets in 11 states and covering over 1
million square feet of space,” said Andy Dow, a Winstead shareholder, Chair of
the Real Estate Industry Group and member of
the firm’s Board of Directors.

“A transaction of this size, and geographic scope, is
complex and requires an innovative approach to close it on time,
while meeting the diverse needs of all parties. It also speaks to
how robust the current market is for healthcare real estate, the
value of these assets and the confidence that the investors have in
our client, MedProperties,” added Mr. Dow.

“MedProperties will retain an ownership stake in these
assets and will continue to serve as the asset manager. They have
acquired and financed the development of 4 million square feet of
commercial real estate across 23 states, and we are delighted to be
a partner with them,” said Cole Gearhart, a Winstead Shareholder.

Over 90% of the assets are MOBs. The transaction also included a
Pennsylvania-based behavioral health hospital, a rehabilitation
hospital and ambulatory surgery center in Ohio, and a
rehabilitation hospital in Texas. The properties are located in
California, Florida, Indiana, Kentucky, Missouri, North Carolina,
New York, Ohio, Pennsylvania and Texas.

The Winstead team that works on this transaction include Andy
Dow, Cole Gearhart, Justin Hoover, Jarrod Azopardi, Ginger Epstein, Nick Gerner, and Brad Kuntz .

Winstead’s Real Estate Industry Group serves as a leading
resource for national and regional companies. With 175 real estate
attorneys across eight offices, Winstead’s experience spans the
full spectrum of real estate services.

Our client list includes many of the largest and most active
real estate companies, institutional investors, mortgage lenders
and loan servicers as well as individual investors and
entrepreneurs.  In addition, Winstead has an active
Construction Practice, Entitlement/Land Use Practice and
Leasing/Asset Management Practice, enabling us to represent our
clients through all phases of sophisticated real estate
transactions.

Winstead’s real estate practice is listed in
the Chambers USA Guide to America and
a number of our attorneys are members of the American College
of Real Estate Lawyers, the American College of Mortgage Attorneys
and the Association of Life Insurance Counsel.

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