Holliday Fenoglio Fowler, L.P. (HFF) announces the $26.6 million recapitalization and financing of a six-property medical office building portfolio totaling 68,000 square feet in Florida and North Carolina.
The HFF team marketed the portfolio on behalf of Catalyst HRE and procured the investor, Charter Realty Group. Additionally, working on behalf of the new venture, the HFF team placed fixed-rate senior financing through Capital One.
The 100 percent leased portfolio comprises four radiation oncology treatment centers operated by Robert Boissoneault Oncology Institute in the Florida markets of Lecanto, Ocala and The Villages; the Eastern Regional Surgical Center in Wilson, North Carolina; and the Florida Diagnostic Imaging Medical Office Building in Panama City, Florida. The properties are located in several of the fastest growing areas in the United States and are well positioned to continue benefiting from the heightened consumer demand for healthcare services.
The HFF investment advisory team included director Anthony Frogameni, senior director Ben Appel and analyst Matt DiCesare. Efforts were supported by HFF’s national medical office building team comprising managing director Evan Kovac, director Andrew Milne and associate Zack Drozda.
HFF’s debt placement team included director Michael George and analyst Charley Dickenson.
“We are seeing unprecedented demand for high acuity outpatient medical office buildings,” said Frogameni. “The opportunity to partner with a market-leading healthcare real estate firm like Catalyst HRE made the investment even more attractive.”
HFF, acting by and through Holliday GP Corp., is a North Carolina licensed real estate broker.
About Catalyst HRE
Catalyst HRE is one of the nation’s fastest-growing healthcare real estate development firms. With an exclusive focus on healthcare, Catalyst provides a suite of integrated deliverables to healthcare systems, specialty providers, and independent physician networks. To learn more, please visit: www.catalysthre.com.
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.