THE ASSET

• 27,060 SF class A medical office building anchored by KU Health and Stormont Vail - the two, most dominant health systems in the state of Kansas.

THE OPPORTUNITY

• Acquired a best-in-market stabilized asset with major health system tenancy.

• Created value through amending/extending KU Health lease for an additional 10 years of firm term.

• Additional 1.5 acres of developable land included with the acquisition.

THE RESULT

• Successfully executed lease extension with KU Health within sixty days of owning the property.

• Discussed with both health systems about an expansion opportunity on adjacent developable land.

• Maintained & improved the asset with several capital projects including new parking lot, lighting, and building signage.