Remedy and Kayne Anderson Real Estate Break Ground on New Lynchburg Medical Office Building for Centra

LYNCHBURG, VA and CHICAGO, March 26, 2024 – Remedy Medical Properties and its partner Kayne Anderson Real Estate, together the nation’s largest private owners of healthcare real estate, broke ground on March 20 for the Centra Langhorne Medical Center, a new 130,000-square-foot medical office building (MOB) near Centra Lynchburg General Hospital.

Slated to open in late 2025, the new five-story MOB at 2125 Langhorne Road will be 100% occupied at opening. The facility will offer a wide range of outpatient services.

“Remedy is very pleased to partner with Centra on this wonderful multispecialty center that will provide the residents of Lynchburg increased access to quality healthcare,” said Remedy founder Peter Westmeyer. “It’s a great example of how we assist innovative health providers like Centra to anticipate and satisfy the needs of both patients and practitioners in convenient, high-quality settings.”

Prominently located on the corner of Langhorne and Tate Springs Road, the site provides room for future horizontal expansion. The roundabout entrance will connect the campus to the neighboring multifamily development, and a wellness trail will link the property to Lynchburg’s popular Blackwater Creek Trail system.

“The design of the building draws inspiration from Lynchburg’s rich history, incorporating building materials originating from the region, to create a holistic set of spaces to address the care, development, and well-being of the local community,” says Diane Ludwig, Centra chief communications officer. “When completed, this modern facility will enable us to efficiently and effectively deliver a wide variety of healthcare services close to home.”

The project development team also includes Haskell Architecture and Engineering Inc., civil engineer Hurt & Proffitt, Inc., structural engineer O’Donnell & Naccarato, Inc. and contractor Robins and Morton.

As part of the development agreement, Remedy and Kayne Anderson also acquired Centra’s Danville Medical Center. The two-story, 47,900-square-foot MOB located at 414 Park Avenue in Danville, Virginia, was completed in 2016 and is 100% long-term leased by Centra. The facility offers primary care, urgent care and cardiology.

About Centra
Centra is a regional not-for-profit healthcare system based in Lynchburg, Va. It was created in 1987 through the merger of the Lynchburg General and Virginia Baptist hospitals. With more than 7,500 employees, 500 employed providers and physicians, and a medical staff of nearly 800, providing care in 70 locations, Centra serves over 500,000 people throughout central and southern Virginia. Centra provides medical services to patients across a geographic area roughly the size of the state of New Jersey, covering approximately 9,000 square miles, through many facilities and practices. For more information visit centrahealth.com.

About Kayne Anderson Real Estate
Kayne Anderson Real Estate is a leading real estate investment firm, managing approximately $15 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 $35 billion alternative investment management firm with more than 40 years of successful experience in the real estate, renewable and energy infrastructure, energy, credit, and growth capital sectors. (As of 1/31/2024)