Transaction Overview
HRE Capital acted as a financial advisor related to the transaction of an 11 asset, 377,522 square foot medical office portfolio (“Portfolio”) located throughout the United States. The Portfolio, which transacted for $151,300,000, is 97% leased with a weighted average age of approximately ten years and is tenanted by high-quality regional hospitals and multi-specialty physician practices.
HRE Capital’s Role
Leveraging its deep relationships, broad knowledge of investors and owners of healthcare real estate and significant experience with large-scale multi-state portfolios (over $9 billion to-date), HRE Capital was able to facilitate this off-market transaction. HRE Capital facilitated a discussion between the buyer (HCP) and seller (a joint venture between Montecito Medical Real Estate and Heitman), lead negotiation of the transaction that met both parties respective goals and assisted in the coordination of diligence and closing of the transaction.
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’s senior management team has been involved with over $9 billion in healthcare real estate transactions.
HCP, Inc.
HCP, Inc. is a fully integrated real estate investment trust (REIT) that invests primarily in real estate serving the healthcare industry in the United States. HCP owns a large-scale portfolio diversified across life science, medical office and senior housing. Recognized as a global leader in sustainability, HCP has been a publicly-traded company since 1985 and was the first healthcare REIT selected to the S&P 500 index.
Montecito Medical Real Estate
Montecito is one of the largest firms in the United States focused entirely on medical office real estate. Since 2005, Montecito has helped large physician groups and owners unlock the financial potential of their medical office buildings in ways that create wins for them both immediately and over the long term.
Heitman
Founded in 1966, Heitman LLC is a global real estate investment management firm with approximately $39 billion in assets under management. Heitman’s real estate investment strategies include direct investments in the equity or debt capitalization of a property or in the securities of listed and publicly traded real estate companies. Heitman serves a global client base of institutions, pension plans, foundations and corporations and individual investors.
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
