AW Property Co – $9,572,000 –
Debt Raise for the Acquisition of a 57,815-Square Foot Medical Office Building Located in Hollywood Florida
The undersigned served as Financial Advisor:
Healthcare Real Estate Capital (“HRE Capital”) was selected as the exclusive financial advisor to AW Property Co. (“AW”) related to securing debt financing for the acquisition of a 57,815 square foot medical office building (“Asset”) located in Hollywood, Florida. Built in 1975, the multi-tenant medical office building is located adjacent to the Memorial Regional Hospital South (“Hospital”). The 280 Bed hospitals is the dominant provider in the sub-market and a member of the investment grade rated six-hospital Memorial Healthcare System. The acquisition continues the Florida centric core-plus on campus medical office investment strategy for AW’s fund.
HRE Capital’s Role
On behalf of AW, HRE capital undertook a competitive effort to source debt financing to fund the acquisition of the Asset. HRE Capital’s efforts included approaching a select pool of debt providers with significant experience in the healthcare real estate section. Based on HRE Capital’s efforts, AW’s track record and the quality of the opportunity, proposals were received from a diverse set of real estate lenders. Ultimately, AW selected a well-known, healthcare focused commercial finance company to fund the acquisition. The debt provider had an on-going relationship with AW and provided acquisition financing in the past.
About the companies involved
Healthcare Real Estate Capital
HRE Capital is a national advisory firm focused solely on the healthcare real estate sector. Our client’s 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 heath care real estate advisory services. HRE Capital’s senior management team has been involved with other $9 billion in healthcare real estate transactions.
AW Property Co.
Headquartered in Palm Beach Gardens, AW is a real estate investment and operating company that focuses on medical properties in major markets through out the state of Florida. Founded in 2002 AW currently has a staff of 15 professionals and operates 20 building comprising 1.5 million square feet of commercial space in specific target markets. AW’s professionals have a wide array of industry experience, with expertise in all facets of real estate acquisitions, redevelopment, finance, Operations and asset management.
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