Capital Markets

News Release: Caddis closes first investment fund to acquire medical office buildings

News Release: Caddis closes first investment fund to acquire medical office buildings

The firm expects to acquire 15 assets totaling about $167 million by year-end and plans to invest another $200 million to $300 million annually Caddis just acquired12 medical office buildings (MOBs), including Gwinnet Medical Building in Lawrenceville, Ga., (top) and Spring Convenient Care Center in Spring, Texas (bottom). The firm plans to close on three […]

PJ Camp

Companies & People: 5 questions for PJ Camp

Hammond Hanlon Camp (H2C) grows the scope of what it provides clients, and the company By John B. Mugford After the ink had dried in 2016 on the closing of the largest health system sale, or monetization, of medical office buildings (MOBs) in the history of the healthcare real estate (HRE) sector, the $700 million […]

CAPITAL MARKETS: Spotlight on IPA Capital Markets

CAPITAL MARKETS: Spotlight on IPA Capital Markets

Gino Lollio and Scott Niedergang expound on medical office, the current market By Erik Tellefson In continuing with our “Spotlight on” series, this month we are discussing the medical office (MOB) asset class with Gino Lollio and Scott Niedergang from IPA Capital Markets, who share their views on the market, current events and expectations for 2017, with an emphasis on deal […]

CAPITAL MARKETS: Spotlight on JLL Capital Markets

CAPITAL MARKETS: Spotlight on JLL Capital Markets

Mindy Berman imparts her MOB knowledge and gives a market update By Erik Tellefson As part of my Capital Markets column – and in an effort to share thoughts on the healthcare real estate market from diverse viewpoints – I’ll be featuring commentary from some of my colleagues in the medical office community. This month, I spoke with Mindy Berman of JLL. […]

Capital Markets: Pay attention to ancillary loan terms

Capital Markets: Pay attention to ancillary loan terms

What to look for in a healthcare real estate loan other than rates and tenure By Erik Tellefson When looking for financing, most borrowers ask about a loan’s tenure, recourse, rate and fees. In addition, lenders’ quotes and proposals also include a number of other ‘ancillary’ loan terms. These terms are often considered less important […]

HREI has learned that a Caddis partnership acquired 1393 George Dieter Drive in El Paso, Texas, as part of the transaction. (Photo courtesy of Caddis)

News Release: Capital One Closes $32.7 Million Loan for Medical Office Building Portfolio

FOR IMMEDIATE RELEASE Capital One Closes $32.7 Million Loan for Medical Office Building Portfolio Bethesda, Md. (May 17, 2017) – Capital One announced today that it provided a $32.7 million loan for a portfolio of six medical office buildings in Florida, Georgia, South Carolina and Texas, totaling 186,000 square feet. Caddis Healthcare Real Estate—an investment, development […]

Capital Markets: Portfolios versus single assets

Capital Markets: Portfolios versus single assets

There’s a difference between financing large MOB portfolios and single assets By Erik Tellefson Over the last few years, we’ve seen a number of large medical office building (MOB) portfolios in the marketplace – notable both for their size, but also for their use of property-level finance. Large portfolios are a different animal from single […]

Capital Markets: Portfolios versus single assets

Capital Markets: Portfolios versus single assets

There’s a difference between financing large MOB portfolios and single assets By Erik Tellefson Over the last few years, we’ve seen a number of large medical office building (MOB) portfolios in the marketplace – notable both for their size, but also for their use of property-level finance. Large portfolios are a different animal from single […]

Capital Markets: Multi-asset class portfolio finance

Capital Markets: Multi-asset class portfolio finance

It’s a part of the HRE market that presents a unique financing challenge By Erik Tellefson Healthcare portfolio acquisitions were a large part of the medical office building (MOB) landscape in 2016 and this trend is projected to continue in 2017. In particular, multi-asset class healthcare portfolios will be part of the healthcare real estate […]

Capital markets: Multi-asset class portfolio finance

Capital markets: Multi-asset class portfolio finance

It’s a part of the HRE market that presents a unique financing challenge By Erik Tellefson Healthcare portfolio acquisitions were a large part of the medical office building (MOB) landscape in 2016 and this trend is projected to continue in 2017. In particular, multi-asset class healthcare portfolios will be part of the healthcare real estate […]

Capital Markets: Hedging against interest rate risk

Capital Markets: Hedging against interest rate risk

Loan structuring is more vital than ever in a rising interest rate environment By Erik Tellefson In a rising interest rate environment, loan structuring is more important than ever in order to protect lenders and borrowers. For lenders, the right structuring can keep a loan from deteriorating in debt service coverage as rates increase. For […]

Capital Markets: Financing equity recaptures

Capital Markets: Financing equity recaptures

How deals are structured when assets are worth more than the debt that’s in place By Erik Tellefson In this column we’ve primarily discussed how various asset classes, including medical office building and laboratory and biotechnology properties, are financed. Today I’ll be sharing the second article in a series which describes various types of financing […]

Capital Markets: Insights into acquisitions financing

Capital Markets: Insights into acquisitions financing

These are a relatively straightforward – but important – type of HRE financing By Erik Tellefson In this column we’ve primarily discussed how various asset classes, including medical office building (MOB) and laboratory and biotechnology properties, are financed. Today I want to start a series of articles describing different types of financing in detail and […]

Grand Palms Assisted Living and Memory Care is a provider of long-term care and rehabilitation services in Orlando, Fla.

News Release: Capital One Closes $162.5 Senior Secured Credit Facility for Palm Garden Healthcare

Bethesda, Md.  (October 24, 2016) – Capital One announced today that it served as sole lead arranger and administrative agent for a $162.5 million senior secured credit facility consisting of a real estate term loan, a capex line of credit and an asset-based revolver. Palm Garden Healthcare, the borrower, owns 14 skilled nursing facilities and an […]

Erik Tellefson

Longfellow Cambridge case study

A strong example of a life science biotech acquisitions and loan transaction By Erik Tellefson In my previous article, I shared the ins and outs of financing life science and biotechnology properties – an important and growing component of the healthcare real estate asset class. These buildings are in some ways similar to medical office […]