First Citizens Bank to finance $44.2M medical office building portfolio

First Citizens Bank has provided $44.2 million in financing to Kayne Anderson Real Estate and Remedy Medical Properties for a portfolio of three medical office buildings across Wisconsin and Illinois. 

The buildings total 266,000 square feet in rentable space and are leased by ProHealth Medical Group in Brookfield, Wis., Silver Cross Health urgent care in Mokena, Ill., and Moreland Medical Center in Waukesha, Wis. 

Kayne Anderson currently manages $14 billion of real estate across the U.S., according to a March 30 press release.

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