BMO’s Healthcare Real Estate Finance group announces that it has closed on a term loan to Fengate Asset Management (“Fengate”) for the acquisition of a portfolio of two Inpatient Rehabilitation Facilities operated by PAM Health.
The 34-bed Georgetown IRF started operations in 2022 and the 42-bed Tavares facility in 2023. The acquisition brings Fengate’s social infrastructure portfolio to 45 assets and total beds to more than 4,900.
Fengate is a leading alternative investment manager focused on infrastructure, private equity and real estate strategies, with more than $7 billion of capital commitments under management. The firm has been investing in infrastructure since 2006 with a focus on mid-market greenfield and brownfield infrastructure assets in the transportation, social, energy transition and digital sectors. Fengate is one of North America’s most active infrastructure investors and developers with a project portfolio of more than 45 assets, valued at over $14 billion. Learn more at www.fengate.com
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