$200 Million Loan Closed On A Joint Venture Between Dallas-Based Big Sky Medical Real Estate And GFH For Medical Office Building Portfolio
BMO’s Healthcare Real Estate Finance group announces that it has closed on a $200 million term loan on behalf of a joint venture between Dallas-based Big Sky Medical Real Estate and GFH, an institutional investor based in Bahrain with a global portfolio of investments.
The BMO loan provided financing for the acquisition of 13 medical office buildings and life sciences facilities totaling approximately 714,000 square feet. The properties are located across the United States in growth submarkets within Wisconsin, Alabama, New Jersey, Texas and Pennsylvania. The Portfolio is 99% leased to a mix of leading investment grade health systems and specialist medical groups such as Children’s Wisconsin, Beaumont Health, Texas Health Resources, UPMC and Women’s Care Florida, with a weighted average lease term of almost 8 years.
Real estate firms like yours need a banking partner with extensive products and services, a strong capital base, and the ability to fund their needs through economic cycles. BMO’s dedicated team of real estate experts is your trusted adviser, helping developers, REITs, private equity funds and institutionally sponsored firms achieve their goals. To learn more about how BMO can help, visit bmoharris.com/realestate.
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Source: HREI
