Transaction Overview
Healthcare Real Estate Capital (“HRE Capital”) was selected as the exclusive financial advisor to NuVista Living (“NuVista”) to secure development financing for a 235,445 square foot healthcare facility, including 229 beds (129 post-acute / 70 assisted living / 30 memory care) and 15,242 square feet of medical office space (“Asset”). The Asset, which is strategically located in Jupiter, Florida, will capitalize on the aggregation of healthcare uses to create a unique and cutting edge post-acute / senior living environment. The transaction was structured to provide NuVista with 100 percent of the required capital to construct and stabilize the Asset. Upon completion, the Asset will be owned by the investor and leased on a long-term basis by NuVista.
HRE Capital’s Role
HRE Capital undertook an effort to procure an investor positioned to provide NuVista with the financing necessary to acquire, develop, construct and stabilize a state-of-the-art, post-acute / seniors focused healthcare facility. HRE Capital’s process included exploring a variety of options to finance the project, including build-to-suit, joint venture and forward purchase structures. Ultimately, Nuvista chose a well-capitalized investor that would provide build-to-suit capital with Nuvista acting as the developer and operator of the Asset. This structure allowed Nuvista to achieve its various goals related to timing, pricing and deal structure for this transaction. With this transaction, HRE Capital has assisted Nuvista in capitalizing three projects with a total value of $165,000,000.
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 $3.0 billion over the last several years.
NuVista Living
Headquartered in Palm Beach Gardens, Florida, NuVista is a privately owned operator and developer of healthcare communities across the State of Florida. NuVista was formed for the primary purpose of being the leading disruptive market influencer in the pursuit of the transformation of the traditional long-term care industry. NuVista principals have over 100 years of cumulative healthcare experience with extensive capabilities in financing, developing, and operating long-term care health facilities.
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