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Newmark Arranges $300 Million Joint Venture With Catalyst Healthcare Real Estate And Heitman To Fund MOB And IRF Development Pipeline

Catalyst and Heitman have entered a joint venture to develop a national portfolio of healthcare properties, including both medical outpatient buildings, orthopedic centers of excellence, and inpatient rehabilitation facilities. The venture will start by funding the development of seven, ground-up or in-process developments–totaling nearly 500,000 square feet, spanning five states and encompassing blue chip tenants.