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January 7, 2021 Comments (0) Views: 704 Chicago News, Midwest News

JV Plans to Acquire $500M of MOB and Ambulatory Assets

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The leaders of a newly formed medical office building (MOB) investment platform, MedCraft Investment Partners (MIP), say they plan to combine their expertise to better serve their existing provider partners and establish new hospital system and physician group relationships by initially aggregating more than $500 million of MOB and ambulatory assets over the next 18 to 24 months. The platform is capitalized through an institutional partner.  

MIP is a 50-50 joint venture between Minneapolis-based MedCraft Healthcare Real Estate and Cadence Healthcare Group, a wholly-owned subsidiary of Cadence Capital Partners, with offices in Denver, Chicago and Boston. 

The JV is led by MedCraft principals Jon Lewin, Eric Carmichael and Keith Beneke, along with long-time healthcare real estate capital markets experts Michael Bennett and Jay Soave of Cadence. MIP will consider properties based on relationships and is open to exploring a wide variety of options.

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