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CIT Serves as Sole Lead Arranger on $48MM Portfolio Financing of Medical Office Buildings
January 28, 2021, 07:15 AM
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The borrower is a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties. The portfolio properties are located in four states and collectively total more than 189,000 square feet. They include:
The Bon Secours Medical Office Building in Chesapeake, Virginia.
The Locust Grove Medical Center in Locust Grove, Georgia.Â
The Spectrum Medical Office Building in Gilbert, Arizona.
The Arizona Spine and Joint Medical Office Building in Mesa, Arizona.Â
The Plano Medical Office Building in Plano, Texas.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
CIT Serves as Sole Lead Arranger on $48 Million Portfolio Financing of Medical Office Buildings
January 27, 2021 GMT
(PRNewsfoto/CIT Group Inc.)
NEW YORK, Jan. 27, 2021 /PRNewswire/ CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger of senior debt financing aggregating $48 million for the acquisition of a portfolio of medical office buildings.
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The borrower is a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties. The portfolio properties are located in four states and collectively total more than 189,000 square feet. They include: