Three-building, 110,636-square-foot portfolio is fully leased to Memorial Hermann Health System
HOUSTON, February 3, 2025 – Cushman & Wakefield announced today that the firm’s Healthcare Capital Markets Team arranged a syndication of a senior loan collateralized by Big Sky Medical’s three medical-outpatient building portfolio in the Houston, Texas, market.
Tyler Morss with Cushman & Wakefield’s Healthcare Capital Markets Team collaborated with Gideon Gil from the firm’s Equity, Debt & Structured Finance platform to represent Big Sky Medical Properties and GFH in the syndication, which includes Siemens and First Horizon Bank.
The portfolio includes the Memorial Hermann Convenient Care Center in League City, Texas, a 47,859-square-foot MOB built in 2017; Memorial Hermann Convenient Care Center in Spring, Texas, a 32,254-square-foot MOB completed in 2016; and Memorial Hermann Convenient Care Center in Katy, Texas, a 30,523-square-foot MOB completed in 2015. Each facility offers 24-hour Level 1 trauma emergency care, primary care, breast care, sports medicine and rehabilitation and imaging. Additionally, the League City facility includes specialty care in orthopedics, cardiology and gastroenterology.
“These state-of-the-art assets are strategically positioned to capitalize on Houston’s thriving healthcare landscape and provide sponsorship with high-credit tenancy,” said Morss. “Houston is a premier healthcare hub not only in Texas, but nationally. These facilities, leased long-term to Memorial Hermann Health, represent an attractive credit opportunity with a credit-rated health system that is continuing to grow.”
In addition to Morss, Cushman & Wakefield’s Healthcare Capital Markets Team also includes co-leads Travis Ives and Gino Lollio who focus exclusively on investment sales of healthcare real estate across the U.S. With decades of experience in healthcare real estate, the team has collectively sold over 7 million square feet valued at over $2.3 billion
About Big Sky Medical
Big Sky Medical Real Estate is an investment manager focused on commercial real estate across the United States with a weighted focus on the medical clinic sector. Big Sky was formed in 2020 by industry veteran Jason L. Signor to invest in healthcare and life science real estate. Big Sky leverages its deep relationships built over the past two decades as a sector specialist to position its platform as a flexible source of capital for developers, healthcare operators, and investors of high quality medical real estate without competing conflicts of interest. To learn more, visit www.bigskymed.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
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