Thank you for your interest in acquiring the Austin, TX Hat Trick Medical Office Portfolio. This letter is to advise you that the seller has requested a written expression of your interest in purchasing the Portfolio by 5:00pm CST on Thursday, December 10th, 2015.
Please refer to the Bidding Instructions on page 12 of the Offering Memorandum and consider the following as you prepare your offer letter:
Offer Date – An offer date has been set for Thursday, December 10th, 2015. All offers should be received by HFF’s Healthcare Capital Markets team by 5:00 PM Central Time. Offers can sent via email to the undersigned at HFF or can be faxed to (312) 528-3651. Time is of the essence.
Financing – Please outline your financing assumptions in your offer letter. HFF has concurrently previewed the portfolio with numerous life insurance, banks and CMBS lenders which have each given indicative pricing. Please contact Colby Mueck at (713) 852-3575 to discuss available financing alternatives.
Capital Source and Approval Process – Please specify the source of capital for your offer and the remaining approvals required, if any, to execute a binding purchase and sale agreement.
Due Diligence and Closing Process and Timing – Please specify your timing and schedule for due diligence and closing.
Deposits and Timing – Please specify the amount of your earnest money deposit and the milestone schedule for the deposit to become non-refundable.
Closing Costs – Please outline your expectations with respect to closing costs in your offer.
We encourage you to contact one of us with questions or to discuss your underwriting. We look forward to hearing from you and receiving your offer prior to or on Thursday, December 10th, 2015.
Click here to access the Document Center containing both the full Offering Memorandum as well as the Argus Models.
INVESTMENT CONTACTS
Michael Bennett
Managing Director
(312) 528-3694
mbennett@hfflp.com
Ben Appel
Director
(484) 532-4214
bappel@hfflp.com
Phil Mahler
Managing Director
(312) 300-7319
pmahler@hfflp.com
Evan Kovac
Managing Director
(858) 812-2356
ekovac@hfflp.com
Mike Janus
Analyst
(312) 528-3677
mjanus@hfflp.com
Matt DiCesare
Analyst
(312) 300-7305
mdicesare@hfflp.com
LOCAL MARKET EXPERT
Kelsey Roop
Associate Director
(512) 532-1927
kroop@hfflp.com
DEBT CONTACT
Colby Mueck
Managing Director
(713) 852-3575
cmueck@hfflp.com
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