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RLI Debuts New Fund with Indiana Clinic Acquisition
Robert Lynn Investments (RLI), the investment division of Dallas-based NAI Robert Lynn, acquired a 23,346-square-foot dialysis center and clinic at 10120 Calumet Avenue in Munster, IN. It’s the first acquisition for RLI’s Med Strategy Fund l, a $30-million equity fund dedicated to the aggregation of medical properties.
“Given our new economic climate since COVID-19, we feel we are in an excellent position to capitalize on this volatility,” said Robert Hoodis, RLI’s managing partner. “We’re leveraging our stellar historical performance in the medical real estate segment to launch and execute this fund.”
American Renal Associates, one of the largest dialysis services providers in the U.S., is the primary tenant in the medical fund’s first acquisition. The build-to-suit, Class A property is new construction.
Frank Roti of Marcus & Millichap in Chicago represented the seller and primary tenant in the deal. Med Strategy Fund l was self-representing.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
