Fund II

Kingwood Medical Center - Fund II

Kingwood,

TX

Total Required Equity
$6,580,000
Asset type
Office
Investment Objective
Growth
Realized IRR
32%
Hold Period
4 Years
Investment Date
10/15/2012

Investment Summary

Kingwood is a 90,000-square-foot Class A building comprised of a 30,000-square-foot surgery center and a 60,000-square-foot 3-story medical office building located in Kingwood, Texas. Approximately 20 miles northeast of downtown Houston, Kingwood is an affluent master-planned community anchored by the Kingwood Medical Center. Origin is able to win the property through a bankruptcy auction while maintaining a competitive advantage by acquiring the mortgage at a discount to its true value. Memorial Hermann is the operator of the adjacent hospital and the anchor for this medical office building. In 2012-13, the Memorial Hermann hospital system was named #3 in the nation and #1 in Texas for rehabilitation by U.S. News & World Report.

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