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ATLANTA — GE Capital, Healthcare Financial Services has provided $89 million in senior secured financing to MB Real Estate. The financing will be used in the acquisition of the eight-story Piedmont West Medical Office Park, a medical office building located in Atlanta’s West Midtown submarket on Howell Mill Road.
The property serves as the headquarters for Piedmont Healthcare, a healthcare system comprised of five hospitals that has been serving Georgia for more than 100 years. The Building Owners and Managers Association International (BOMA) also recognized the building as the 2012 Best International Medical Office Building of the Year.
“Our team is focused solely on meeting the needs of borrowers in the healthcare real estate space,” says Jim Seymour, senior managing director of healthcare real estate at GE Capital, Healthcare Financial Services. “With more than 60 senior secured medical office transactions since 2011, we are an active lender and continue to seek opportunities to help borrowers execute on their acquisition objectives.”
Based in Chicago, MB Real Estate is a real estate organization that provides asset and facilities management, leasing services, project and construction management, tenant representation and investment services.
GE Capital, Healthcare Financial Services has provided more than $60 billion in financing over 10 years to companies in more than 45 healthcare sectors including seniors housing, hospitals, medical offices and outpatient services.
— Brittany Biddy