Newmark arranges $300m JV between Catalyst and Heitman

Newmark Group has arranged a strategic joint venture between Catalyst Healthcare Real Estate and Heitman.

Newmark also helped secure $300 million for a venture to fund the development pipeline of purpose-built healthcare properties, including medical outpatient buildings, orthopedic centers of excellence and inpatient rehabilitation facilities.

The initial phase includes funding seven ground-up or in-process developments totaling nearly 500,000 square feet, spanning five states and encompassing blue-chip tenants such as Ochsner Health, Andrews Medicine, University of Mississippi Medical Center and PAM Health.

“Catalyst works in partnership with its clients to design comprehensive real estate solutions that best support their mission, vision and values of providing better access to care, higher quality outcomes and lasting relationships,” said Chad Henderson, founder, CEO and managing partner of Catalyst Healthcare Real Estate.

Brian Pieracci, Heitman