DENVER and CHICAGO, February 6, 2025 – Remedy Medical Properties and its partner Kayne Anderson Real Estate, together the nation’s largest private owners of healthcare real estate, today announced that the recently completed UCHealth Green Valley Ranch (GVR) Medical Center in Denver has been named winner of the Best New Medical Office Buildings and Other Outpatient Facilities (Less than 25,000 square feet) category in the prestigious 2024 HREI Insights Awards™, an annual awards program that recognizes excellence in healthcare real estate development and executive leadership.
“We are honored to win the Insights Award for the GVR Medical Center, and I want to congratulate our entire development team and our development partners for their outstanding, award-winning work,” said Remedy founder Peter Westmeyer. “This award shows the importance of going the extra mile to deliver a project on time, in spite of a complex land acquisition and challenging approvals environment.”
Located at 5589 N. Argonne St., the Green Valley Ranch Medical Center is highly visible at a busy intersection near Tower Road and 56th Avenue, and is designed to be instantly recognizable as a UCHealth property, using a palette of materials consistent with the health system’s other facilities. The new one-story, 12,170-square-foot medical office building (MOB) will house urgent care, primary care, imaging and physical therapy to serve the Gateway-Green Valley Ranch neighborhood’s rapidly growing population.
The project faced multiple challenges in land acquisition and city approvals due to a large permit and review backlog caused by the pandemic. Remedy met these challenges head-on, leveraging its deep development expertise to keep the project on track. In collaboration with UCHealth and the City of Denver, Remedy secured the complex land purchase of the prominent site as well as all necessary entitlements. The development team proactively negotiated with adjacent property owners to resolve timing issues quickly, and handled off-site cost-sharing and utility agreements with the land seller. Remedy expedited the shell completion in just seven and a half months, allowing UCHealth to start interior fit-out ahead of schedule to ensure the facility opens to patients in the spring as planned.
Designed for efficiency and adaptability, the new MOB features eye-catching façades on nearly every elevation, and the entryway, marked by a large sweeping arch reminiscent of UCHealth’s logo, creates a memorable first impression. The unusual hexagonal footprint maximizes interior natural light and optimizes stunning Front Range views for physical therapy patients, while ensuring that no side of the building is the “back.” The 1.18-acre property boasts 61 parking spaces.
The HREI Insights Award was presented to Remedy on February 5 during the Revista Medical Real Estate Investment Forum in Palm Beach Gardens, Florida. The award winners were selected by the HREI Editorial Advisory Board, which is comprised of a panel of experienced HRE executives.
About Kayne Anderson Real Estate Kayne Anderson Real Estate is a leading real estate investment firm, managing approximately $17 billion in assets under management across opportunistic equity, core equity, and real estate debt, with sector expertise in medical office, seniors housing, off-campus student housing, multifamily housing, and self-storage. Kayne Anderson Real Estate is part of Kayne Anderson, a $37 billion alternative investment management firm with more than 40 years of successful experience across real estate, infrastructure, energy, and credit.
About Remedy Medical Properties
Remedy Medical Properties is a full-service healthcare real estate company and the largest private owner of medical properties in the country, with over 33 million square feet and 25 offices spanning 44 states. For healthcare decision-makers wanting to maximize the value of their real estate while enhancing their ability to adapt, Remedy offers unmatched flexibility and resources in ownership, development, leasing, management, and strategy. Our willingness to commit capital, share more risk, and offer greater foresight increases your resilience, profitability, and peace of mind.