HFF Arranges $27M MOB Portfolio Recap

The company acted on behalf of both borrower Catalyst HRE and investor Charter Realty Group. 100 percent leased, the portfolio comprises six medical office buildings totaling 68,000 square feet in FL and NC.
The Florida Diagnostic Imaging Medical Office Building in Panama City, Fla.
The Florida Diagnostic Imaging Medical Office Building in Panama City, Fla.

HFF— acting by and through Holliday GP Corp.—has secured a $26.6 million recapitalization and financing of a six-property medical office building portfolio on behalf of Catalyst HRE. HFF has also procured the investor, Charter Realty Group. The team—Director Anthony Frogameni, Senior Director Ben Appel and Analyst Matt DiCesare, all of HFF, arranged fixed-rate senior financing through Capital One. HFF’s national medical office building team, comprising Managing Director Evan Kovac, Director Andrew Milne and Associate Zack Drozda, also assisted in the transaction.

Robert Boissoneault Oncology Institute in the Florida markets of Lecanto, Ocala and The Villages, the Eastern Regional Surgical Center in Wilson, N.C.; and the Florida Diagnostic Imagining Medical Office Building in Panama City, Fla., operate this fully leased portfolio, which includes four radiation oncology treatment centers.

“We are seeing unprecedented demand for high-acuity outpatient medical office buildings,” said Frogameni in prepared remarks. “The opportunity to partner with a market-leading healthcare real estate firm like Catalyst HRE made the investment even more attractive.”

Earlier this year, HFF also closed a $82 million recapitalization of an eight-building medical office portfolio totaling 261,824 square feet in the Long Island community of East Setauket, N.Y.

Image courtesy of HFF