Medical Office Building Portfolio | Property Condition Assessment

Owner:  KKR Real Estate Finance Trust | Services: Condition Assessment

Axias worked with a major real estate finance company that specializes in originating and managing commercial property loans across the U.S. Our assessment team completed property condition assessments as part of the acquisition of 44 separate medical office building properties.

Axias completed on-site assessments during two four-week periods, and the project was closed out within six months of commencement. The buildings ranged in vintage and size and use types ranging from specialist health centers to inpatient surgery centers. This project required coordination and detailed technical knowledge of all building systems, including site, structure, roofing/exteriors, MEP, security, and fire and life safety.

The portfolio included an assessment of more than 1.2 million square feet across the Midwest and Southeast United States. The assessment included a variety of medical facilities: Nephrology and Dialysis Centers, Obstetrics Practices, Urology, Surgery Centers, Orthopedics and Sports Medicine Eye Clinics, Gastroenterology, Heart and Vascular Centers, and Dermatology Offices. The properties were located in Indiana, Michigan, Illinois, Ohio, Missouri, Kentucky, Tennessee, Louisiana, Texas, Georgia, North Carolina, South Carolina, Florida, Alabama, and Arkansas.