Companies & People: More HRE Company News

  • Fairfield Asset Advisors, a real estate advisory firm focused on healthcare, recently facilitated the refinancing of an MOB in Henderson, Nev., a suburb of Las Vegas. The building, the Coronado Medical Office Building, is at 2779 West Horizon Ridge Parkway, which is in close proximity to St. Rose Medical Center. The 40,000 square foot facility was 92 percent occupied at the time of the transaction and includes among its tenants a surgery center operated by a local orthopedic surgeon. According to Greg Trainor, managing partner of Denver-based Fairfield Advisors, the firm assisted the owner of the facility in deciding between “selling the MOB and putting new debt onto it.” Once it was determined that a refinancing was the right strategy, Fairfield managed a targeted campaign to secure what Mr. Trainor called the “most advantageous debt solution.” Fairfield, according to Mr. Trainor, has closed more than $104 million worth of healthcare real estate transactions in the past six months.

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