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August 6, 2020 Comments Off on Kayne Anderson Closes on 34-Asset Welltower Portfolio Views: 1289 National News, Top National

Kayne Anderson Closes on 34-Asset Welltower Portfolio

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Kayne Anderson Real Estate completed the acquisition of a 34-property portfolio of medical office buildings and seniors housing properties from Welltower. The portfolio, which originally included a 35th property that went to another buyer, is valued at approximately $1 billion, according to an SEC filing.

“This transaction was a direct result of the longstanding strategic relationship between KA Real Estate and Welltower that achieved a mutually beneficial outcome,” said David Selznick, KA Real Estate’s CIO.

Shankh Mitra, Selznick’s counterpart at Welltower, said the sale’s rapid completion demonstrates “the strong demand for quality seniors housing and medical office building assets.”

KA Real Estate will own and operate the portfolio with operating partners MB Real Estate and Discovery Senior Living. NKF’s Chad Lavender and Ryan Maconachy advised Welltower.  

Wells Fargo financed the senior housing assets through its Freddie Mac Seller Servicer business. Capital One led the financing syndicate for medical office assets. 

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