Provider Real Estate Partners secures $38m in refinancing for national outpatient medical portfolio

Provider Real Estate Partners (PREP) has secured $38.5 million in refinancing for a six-property national medical portfolio totaling 160,060 square feet across five states.

JLL secured the three-year loan through Miami-based BankUnited, which is acutely attuned to the healthcare sector. The new lending relationship for PREP enhances its portfolio growth in outpatient medical buildings nationwide.

The portfolio is 100 percent occupied to a diverse mix of market-leading health systems and independent physician groups, across the Southeast, Midwest and Southwest. The assets were built between 2007 and 2020 are located in Michigan, North Carolina, South Carolina, New Mexico and Georgia (two properties).