News Release: Debt Raise for the acquisition of a two building, 51,681 SF MOB Portfolio Located in Tampa, Florida

Transaction Overview

Healthcare Real Estate Capital (“HRE Capital”) was selected as the exclusive advisor to AW Property Co. (“AW”) related to securing financing for the acquisition of a 51,681 square foot medical office building portfolio (“Portfolio”) located in Tampa, Florida.  The two on-campus, single-tenant medical office buildings are subject to long-term lease agreements with dominant, publicly-traded health systems.  AW acquired the Portfolio through its internally directed real estate private equity fund that owns and operates complementary healthcare real estate assets throughout the State of Florida.

HRE Capital’s Role

On behalf of AW, HRE Capital undertook an effort to quickly source debt financing to fund the acquisition of the Portfolio.  HRE Capital’s efforts included approaching a select pool of debt providers with significant experience in the healthcare real estate sector.  Based on HRE Capital’s efforts, AW’s track record and the quality of the opportunity, several proposals were received from finance companies and commercial banks.  Ultimately, AW selected a well-known, healthcare focused commercial finance company to fund the opportunity.  The debt provider had an on-going relationship with AW and provided similar financing in the past.

Healthcare Real Estate Capital

HRE Capital is a national advisory firm focused solely on the healthcare real estate sector. Our clients include many of the nation’s top healthcare providers and developers / investors of healthcare real estate. HRE Capital’s focused model provides clients with an unmatched level of relevant experience and independent transaction analysis, structuring and execution capabilities. Providing both consultative and transaction oriented services, including asset / portfolio joint venture structuring, recapitalizations, dispositions and other related real estate advisory services, HRE Capital has completed engagements approaching $2 billion over the last three years.

AW Property Co.

AW is a real estate investment and operating company that focuses on professional office and medical properties in major markets throughout the State of Florida.  Founded in 2002, the firm currently operates approximately 90 buildings comprising over 2.5 million square feet of commercial real estate.  The firm’s professionals have a wide array of industry experience, with expertise in all facets of real estate acquisitions, redevelopment, finance, operations and management.  The firm is headquartered in Palm Beach Gardens, with regional offices throughout the State of Florida.

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