Genesis HealthPlex (Photo courtesy of MRXE Capital)
MRXE Capital Markets is pleased to announce it has represented both developer and buyer in the recapitalization of a medical office building in Des Moines, Iowa.
Transaction Highlights
Cap Rate in the low 6’s
Long-Term Lease
Credit Hospital Tenancy
$300+ PSF
MRXE Capital Markets was engaged by a large national developer to run a process to source a new programmatic equity partner for a pipeline of existing and future MOB developments. After an exhaustive search, where multiple groups were considered, a new venture was formed and this is the first closing of many.
Michael Bennett – Managing Principal – Michael@mrxecm.com
Mike Janus – Senior Vice President – Janus@mrxecm.com
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