Newmark’s Healthcare Capital Markets Group Worked in Partnership with its Debt and Structured Finance Practice to Advise and Procure the Financing
New York, NY (October 20, 2021) — Newmark announces that it has arranged financing totaling approximately $220,000,000 for a portfolio of 29 healthcare properties on behalf of an affiliate of The Inland Real Estate Group of Companies, Inc. A Newmark team that included John Nero, Jay Miele, Joel Simmons, Ben Greazel, Chris Gordon and Mohsin Azmi advised the borrower and procured the financing, which involved two bank facilities totaling approximately $220,000,000.
The portfolio totals roughly 720,000 square feet of Class A medical office buildings, ambulatory surgery centers and specialty healthcare facilities located across ten states. The properties are 100% leased to leading healthcare systems and physician group practices.
“This transaction represents an exciting transaction in the healthcare real estate sector given its significant scale, income stability and national geographic diversity,” said John Nero. “This best-in-class national healthcare portfolio received significant interest from a wide range of lenders given its strong credit profile, long lease duration and exceptional asset quality, among other factors,” added Jay Miele.
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