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

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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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