San Francisco – October 27, 2025 – CBRE helped secure permanent financing on the Foster City Medical Pavilion, a 40,502-square-foot medical outpatient building (“MOB”) located in Foster City, California.
Zack Holderman and Jesse Greshin of the CBRE U.S. Healthcare Capital Markets’ Debt & Structured Finance team, alongside their partners Chris Bodnar, Brannan Knott and Cole Reethof, acted as the exclusive advisors to the sponsor and existing owner, Pinnacle Capital Management Services, LLC and its partner, Harrison Street Asset Management (“HSAM”).
Foster City Medical Pavilion is conveniently located within proximity to seven hospitals, including Sutter Health Mills-Peninsula Hospital, Sutter Health Mills Hospital (San Mateo), Dignity Health Sequoia Hospital (Redwood City), Kaiser Permanente (Redwood City), Stanford Medical Center (Palo Alto), Kaiser Permanente (South San Francisco), and San Mateo County Hospital. Foster City is anchored by the HRC Silicon Valley Fertility Clinic (“HRC Fertility”), an affiliate of Keck Medicine of USC and an arm of Jinxin Fertility, a publicly traded company listed on the Hong Kong Exchange (“JXR”). HRC Fertility has been at the forefront of fertility care for over three decades, offering individualized, science-backed treatments to help aspiring parents grow their families. Their Foster City fertility clinic is led by the internationally renowned Dr. Christo Zouves, MD and has been improved by over $1.5 million in tenant improvements to house the premier IVF facility in the Bay Area.
“Foster City Medical Pavilion is a prime example of the continued progress of the debt capital markets for healthcare real estate,” said Zack Holderman, CBRE’s Senior Vice President of the U.S. Healthcare Capital Markets practice. “We are pleased to have represented a top-tier sponsorship team between Pinnacle Capital Management Services and Harrison Street Asset Management to provide a strong bank execution here on this transaction.”
The property offers a strategic location with excellent visibility and access. Foster City Medical Pavilion boasts corporate neighbors such as Gilead Sciences and is strategically located just a short distance from SFO airport, critical for HRC Silicon Valley Fertility Center operations where a significant percentage of its patients originate from outside of California, including many from overseas.
The sponsor, Pinnacle Capital Management Services, LLC (“PCMS”), is an investment firm that owns, manages and is redeveloping over $400 million in commercial real estate investments. PCMS was founded by Paul Slye as a successor entity to an agnostic real estate investment platform focused on medical office, life sciences and related healthcare and health sector opportunities. Paul, who grew up in the real estate development business, possesses a 41-year tenure in the real estate industry and brings deep public and private company operational, transactional and capital markets experience. To learn more please visit www.pcms-llc.com.
The sponsor’s partner, Harrison Street Asset Management (“HSAM”), is a leading global alternative investment management firm with over $103 billion in assets under management through highly differentiated assets across infrastructure, real estate and credit strategies. Headquartered in Chicago, Toronto and London with approximately 520 employees in offices across North America, Europe, Asia and the Middle East, the firm offers innovative solutions across a variety of closed-end, open-end and specialized vehicles. For more information, visit www.HSAM.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest
commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000
employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse
range of clients with an integrated suite of services, including facilities, transaction and project management; property
management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales;
mortgage services and development services. Please visit our website at www.cbre.com.
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