Chicago, August 26, 2022 – BMO’s Healthcare Real Estate Finance group announces that it has closed on a $200 million term loan on behalf of a joint venture between Dallas-based Big Sky Medical Real Estate and GFH, an institutional investor based in Bahrain with a global portfolio of investments. The BMO loan provided financing for the acquisition of 13 medical office buildings and life sciences facilities totaling approximately 714,000 square feet. The properties are located across the United States in growth submarkets within Wisconsin, Alabama, New Jersey, Texas and Pennsylvania. The Portfolio is 99% leased to a mix of leading investment grade health systems and specialist medical groups such as Children’s Wisconsin, Beaumont Health, Texas Health Resources, UPMC and Women’s Care Florida, with a weighted average lease term of almost 8 years.
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About Big Sky Big Sky Medical Real Estate is an investment manager focused on medical office, ambulatory surgery centers and specialty hospitals across the United States. In the past 15 years, the principals of Big Sky have invested in nearly 6MM SF of healthcare representing over $2.0B in total costs. For additional information about Big Sky, please visit their website at bigskymed.com.
About GFH
Established 20 years ago, GFH is a leading and dynamic financial group in the GCC region, with a diversified offering and strong track record. Headquartered in Bahrain’s Financial Harbour, the company is listed on three stock exchanges in the GCC, including the Bahrain Bourse, Boursa Kuwait and Dubai Financial Market (DFM), and is one of the most liquid and actively traded stocks. The company offers four investment pillars including investment management, real estate development, commercial banking, and treasury & asset management. As of FY 21, the company had a total of $15B AUM in the US, $2.8B in funds raised and over 140 professionals with diversified experience.
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