Newmark team arranges partnership of Catalyst and Heitman
By John B. Mugford
One of the development projects in the Catalyst-Heitman joint venture is this facility for Andrews Medicine, a Pensacola, Fla.-based sports medicine and orthopedic care practice. (Photo courtesy of Newmark)
It’s being looked upon as almost a “dream team” of a partnership. HREI has learned that Catalyst Healthcare Real Estate, which has become one of the most active developers in healthcare real estate (HRE) in recent years, and Heitman, an investment management firm with more than $50 billion of assets under management (AUM), have formed a strategic joint venture (JV) to fund a $300 million pipeline of HRE projects.
The seven projects involved in the JV, which Pensacola, Fla.-based Catalyst had in its pipeline before forming the partnership, are in various stages of development and total about 500,000 square feet of space. They’re in five states and include medical outpatient buildings (MOBs), orthopedic centers of excellence and inpatient rehabilitation facilities (IRFs).
According to Chad Henderson, Catalyst’s founder (in 2011), CEO and managing partner,
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