SAVILLS ARRANGES $66 MILLION LOAN FOR TWO MOB PROPERTIES IN MICHIGAN

TROY AND ROCHESTER HILLS, MICH. — New York-based Savills has arranged $66 million in financing for two medical office buildings in Michigan and one medical office property in Louisiana. The Michigan properties include a 100,000-square-foot building on the campus of Beaumont Hospital in Troy and a 95,000-square-foot health and wellness center in Rochester Hills. The third property is a 99,000-square-foot medical office building located on the new replacement campus for Our Lady of Lourdes Regional Medical Office in Lafayette, Louisiana. In total, the properties are 95 percent leased. Milwaukee-based Landmark Healthcare Companies LLC owns the three properties. Savills arranged the permanent, fixed-rate financing through GE Capital, Healthcare Financial Services.