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News Release: Recapitalization and Financing – RGRE Portfolio

JUST RECAPITALIZED & FINANCED

RGRE PORTFOLIO

Recapitalization and Financing

CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the recapitalization and financing of the RGRE Portfolio, a 10-property medical office portfolio located across the Atlanta MSA. Zack Holderman, Sabrina Solomiany, Cole Reethof, Chris Bodnar and Lee Asher acted as the exclusive advisors to RG Real Estate, a full service commercial real estate firm based in Atlanta, GA with deep rooted connections in the medical space providing opportunities for off-market acquisitions and built-to-suit developments.

The transaction was comprised of ten medical office buildings including the recapitalization of six medical office buildings and acquisition of four medical office buildings by the new Joint Venture. The 222,337 square foot Portfolio is 88.7% occupied with 5.8 years of weighted average remaining lease term boasting strong tenancy including Emory Healthcare (‘Moody’s ‘Aa2’), Northeast Georgia Medical Center (Fitch ‘A’), Peachtree Immediate Care (an affiliate of Emory Healthcare with 28 locations), PT Solutions (317 locations across the US), OutPatient Imaging (9 locations) and Regional Medical Group (16 locations). The Portfolio included two single tenant surgery centers with 10+ years of remaining lease term. RGRE and their new JV partner, Baltimore-based Alex. Brown Realty, Inc., plan to continue their aggregation strategy leaning on their healthcare relationships to find opportunistic transactions with outsized returns.

CBRE negotiated both the JV partnership and Bank Financing with favorable terms including non-recourse, a lengthy interest-only period at a highly competitive interest rate with additional proceeds for additional acquisitions, tenant improvements, leasing commissions and capital expenditures.

For more information, or if we can help with your healthcare real estate holdings, please contact us.

CBRE HEALTHCARE & LIFE SCIENCES CAPITAL MARKETS

SABRINA SOLOMIANY
First Vice President
Debt & Structured Finance
+1 404 536 5054

ZACK HOLDERMAN
Senior Vice President
Debt & Structured Finance
+1 858 546 4670

CHRIS BODNAR
Vice Chairman
Investment Properties
+1 303 628 1711

LEE ASHER
Vice Chairman
Investment Properties
+1 404 504 5965

RYAN LINDSLEY
Senior Director
Investment Properties
+1 303 628 1745

JORDAN SELBIGER
Senior Director
Investment Properties
+1 404 923 1259

COLE REETHOF
Associate Director
Debt & Structured Finance
+1 404 504 7864

www.cbre.us/cm-healthcare

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