Realized sponsor investment

JFK Medical Plaza

4801 South Congress Avenue, Palm Beach County, FL

JFK Medical Plaza in company materials

Historical property photograph. Current condition may differ.

Project context

Acquired in July 2021, this medical-office repositioning combined institutional leasing with a medical-grade interior buildout. The 26,283-square-foot remodeled and leased portion—not the total building area—was leased to a Health Care District affiliate beginning in October 2024. The property sold for $14.45 million in June 2025.

Sold June 13, 2025. This is realized sponsor experience and is not a current portfolio holding.

The case combines institutional leasing and a medical-grade interior buildout before disposition. Purchase and sale prices do not establish investor profit, IRR or an equity multiple; capital costs, debt, fees and distributions must be included in any performance analysis.

Asset & transaction facts

Acquisition
July 6, 2021
Institutional lease
26,283 rentable SF in the remodeled and leased portion; not the total building area; Health Care District affiliate
Lease commencement
October 1, 2024
Disposition
$14.45 million property sale; June 13, 2025

Sponsor or affiliate experience, not a Fund One holding. Property facts are dated September 2026. Transaction values are not investor returns. Availability, ownership interests and commercial terms must be confirmed for the specific property.