Kansas City Medical Office

Kansas City, MO

Acquired December 2021

At a Glance

A 50,000-square-foot, three-property medical office building portfolio with properties in and around Kansas City, Missouri.

Investment Rationale

  • The three properties are 100 percent leased to a diverse tenant roster of leading health systems and physicians groups. The portfolio has a weighted average lease term of just under 15 years, providing long-term cashflow. All of the properties are strategically located throughout Kansas City, drawing patients from throughout the metro area.

  • The portfolio includes three properties: Roeland Park: the property’s largest tenant is AdventHealth Shawnee Mission, a subsidiary of AdventHealth, an investment-grade rated not-for-profit health system. Northland Women’s Healthcare: Fully leased to one of Kansas City’s most established women’s healthcare providers. Blue Springs Pediatrics: fully redeveloped in 2021 as a best-in-class single-tenant property leased to a leading physician group that is a subsidiary of Children’s Mercy, an investment-grade rated, not-for-profit health system.

  • The assets are well located in affluent suburbs of Kansas City, with 5-mile median incomes for each Property at ~$81K, 21% higher than the KC metro average, and schools are rated “A+” for Blue Springs and “A” for Northland, by Niche.

Property Gallery


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