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Transactions - JULY 28, 2022

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Foreign investor buys U.S. medical office portfolio

by Released

Newmark has arranged $200 million of Shariah-compliant financing for a medical office building portfolio on behalf of a joint venture between Dallas-based Big Sky Medical and GFH, an institutional investor based in Bahrain with a global portfolio of investments.

The portfolio comprises 13 outpatient medical office buildings and healthcare facilities totaling over 714,000 square feet, located across seven U.S. states. The portfolio features characteristics of strong weighted average lease terms and high occupancy by leading healthcare providers, including Children's Wisconsin, Beaumont Health, Texas Health Resources, UPMC and Women's Care Florida.

“We are pleased to assist Big Sky and GFH in this important portfolio financing transaction, which received strong interest from the markets. The transaction is a good indication that the market remains quite competitive for well-curated healthcare portfolios with experienced sponsorship, high-quality collateral and strong h

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