Cadwalader Represents Kayne Anderson in $1.3b Medical Office Loan Portfolio Acquisition

September 19, 2023

Cadwalader represented the real estate investment arm of Kayne Anderson Capital Advisors, L.P. in the acquisition of a $1.3 billion medical office loan portfolio from regional bank Synovus Bank, announced on September 18, 2023.

The portfolio consisted of 106 loans, secured by over 300 properties in 33 states. The sale closed simultaneously with a $300 million revolving credit facility provided by Synovus to Kayne Anderson and was financed in part with a $400 million repo facility from Citibank and a $365 million note-on-note facility from Capital One. As part of the sale, Synovus agreed to service the portfolio on behalf of Kayne Anderson. 

The Cadwalader team was overseen by partners Neil Weidner (Capital Markets) and Bonnie Neuman (Real Estate), and the matter was led by partners Chris Dickson and Kevin Sholette (Real Estate), Jared Zajac (Finance) and Lisa Pauquette (Capital Markets); with important contributions from special counsels Loren Taub (Real Estate), Molly Lovedale (Corporate), Jeff Mabrito and Andrea Nixon (Capital Markets); counsel Teri Long (Real Estate); senior attorney Alicia Davis (Real Estate), and associates Calla Abrunzo, Suleida Arias, Wilson Chow, Caleb Eiland, Krista Gresia, Eunji Jo, Carter Lawson, Jeannine Olmo, Grace Revello, Alissa Rowens, Michael Schromm, Jack Sullivan, Sager Moritzky (Real Estate), Tres Ricks (Finance), and Francis Rizk and Justin Schwarz (Capital Markets).

The official release can be found here.