BMO’s Healthcare Real Estate group announces that it closed a $66MM acquisition loan on behalf of a JV between Lincoln Property Company (Lincoln) and an institutional investor. The BMO loan provided financing for the acquisition of a 3-property medical outpatient portfolio totaling over 291k square feet across California, Colorado and Texas. The portfolio is fully managed by the property management arm of Lincoln. In addition to the acquisition, the loan provides funds allocated for capital expenditures, tenant improvements and leasing commissions, in addition to capacity for future JV acquisitions.
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About Lincoln Property Company
Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-use properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 720 million square feet of commercial space. For more information, visit: www.lpc.com.
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