NEW YORK — Fifth Third Securities, Inc.’s (“FTS”) healthcare-focused real estate investment banking team worked with The Sanders Trust to secure financing for its development of the ClearSky Rehabilitation Hospital of Lake City, in Lake City, Florida.
The new hospital will provide specialized rehabilitative care to patients recovering from disabling injuries or illnesses such as strokes, brain injuries, hip fractures, spinal injuries, Parkinson’s disease, multiple sclerosis, and other medically-complex conditions. It will be located on 7.5 acres south of West U.S. Highway 90 and treat more than 650 patients annually.
The transaction was handled by FTS Managing Director Matthew Tarpley, Jake Gorin, Michael Fioravanti and Ravi Patel.
The transaction closed in August and a groundbreaking was held in September.
About The Sanders Trust
The Sanders Trust develops and acquires medical office buildings, inpatient rehabilitation hospitals, specialty hospitals and other mission critical healthcare facilities nationwide. Headquartered in Birmingham, Alabama, The Sanders Trust has been a recognized leader in the investment community for healthcare clients since its inception in 1989 and has developed or acquired medical properties in 30 states. For more information on The Sanders Trust, visit www.SandersTrust.com.
Fifth Third Securities
Fifth Third Securities is the trade name used by Fifth Third Securities, Inc., member FINRA/SIPC, a wholly owned subsidiary of Fifth Third Bank, National Association, a registered broker-dealer, and a registered investment advisor registered with the U.S. Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training. Securities and investments offered through Fifth Third Securities, Inc.: Are Not FDIC Insured, Offer No Bank Guarantee, May Lose Value, Are Not Insured By Any Federal Government Agency, Are Not A Deposit.
Fifth Third Securities’ Real Estate Investment Banking Group
For more than 20 years, the real estate investment banking professionals at Fifth Third Corporate & Investment Banking have successfully served as advisors on real estate transactions in excess of $10 billion nationwide.
For additional information, contact Matthew Tarpley, Managing Director, Real Estate Investment Banking, at Matthew.Tarpley@53.com.
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