Shenandoah, TX – May 14, 2026 – Pinecroft Realty is pleased to announce the successful refinancing of the Vision Park Medical Office Building, a three-story outpatient medical property located at 134 Vision Park Blvd in Shenandoah, Texas, as well as the Memorial Hermann Surgery Center of Richmond, a single-tenant ambulatory surgery center located at 21155 SW Freeway in Richmond, Texas. These transactions support Pinecroft’s ongoing commitment to maintaining a high-quality portfolio of healthcare-focused real estate assets across Texas and the broader United States.
The Vision Park Medical Office Building, developed by Pinecroft in 2022, comprises approximately 57,000 square feet and is 100% leased to a diverse group of established healthcare providers. Strategically located within The Woodlands medical corridor, the property benefits from close proximity to leading health systems, including Houston Methodist, St. Luke’s Health, Memorial Hermann Health System, Texas Children’s Hospital, and MD Anderson Cancer Center, positioning it as a premier destination for medical providers serving the greater north Houston area.
The Memorial Hermann Surgery Center of Richmond is a 12,935-square-foot, single-tenant ambulatory surgery center originally constructed in 2008 and acquired by Pinecroft in 2021. The facility is leased under a long-term agreement to a partnership between Memorial Hermann Health System, United Surgical Partners International, and local physicians.
“We are pleased to complete the successful refinancing of both the Vision Park Medical Office Building and the Memorial Hermann Surgery Center of Richmond in partnership with Live Oak Bank,” said Andy Lopez, Director of Asset Management for Pinecroft. “These transactions allowed us to leverage high-performing assets to enhance long-term financial flexibility as we continue to invest in high-quality healthcare real estate.”
These refinancings underscore Pinecroft Realty’s disciplined approach to portfolio management and its focus on generating long-term value through stable, well-located medical assets.
About Pinecroft Realty
Locally headquartered in The Woodlands, Texas, Pinecroft Realty is a privately held, full-service real estate firm specializing in healthcare and commercial properties across the southern United States. The company provides comprehensive leasing and brokerage services, property management, and investment and development expertise. Its portfolio includes medical office buildings, outpatient facilities, and mixed-use developments designed to meet the evolving needs of healthcare providers and their patients.
About Live Oak Bank
Headquartered in Wilmington, North Carolina, Live Oak Bank is a technology-driven financial institution and one of the largest small business lenders in the United States. The bank partners with businesses through a differentiated approach that combines deep industry expertise with a commitment to service and innovation. Through its commercial banking platform, Live Oak delivers relationship-driven capital solutions to healthcare real estate investors, with a focus on financing outpatient and post-acute care facilities nationwide.
Financing is subject to customary underwriting and credit approval
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