Press release from Business Wire
GE Capital Provides $89 Million in Medical Office Building Financing to MB Real Estate
Monday, June 24, 2013
GE Capital Provides $89 Million in Medical Office Building Financing to MB Real Estate08:00 EDT Monday, June 24, 2013
BETHESDA, Md. (Business Wire) -- GE Capital, Healthcare Financial Services announced today that it has provided $89 million in senior secured financing to MB Real Estate. The financing will be used to support the purchase of a medical office building in Atlanta, GA.
“GE Capital has proven to be a reliable debt provider to us on several transactions,” said Peter Westmeyer, executive with MB Real Estate. “Their flexible approach, industry expertise and certainty of close, with respect to financing, were critical in our ability to acquire this very strong asset.”
“Our team is focused solely on meeting the needs of borrowers in the healthcare real estate space,” said Jim Seymour, senior managing director of healthcare real estate at GE Capital, Healthcare Financial Services. “With over 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.”
Headquartered in Chicago, IL, MB Real Estate is a full-service real estate organization that provides multifaceted expertise in asset and facilities management, leasing services, project and construction management, tenant representation and investment services to private and public organizations, private investors and non-profit agencies.
The eight-story medical office building acquired through this transaction was recognized by Building Owners and Managers Association International (BOMA) as the 2012 Best International Medical Office Building of the Year. It serves as the headquarters for Piedmont Healthcare, a five hospital healthcare system that has been serving Georgia for more than 100 years.
About GE Capital, Healthcare Financial Services
With in-depth industry knowledge and expertise, GE Capital, Healthcare Financial Services has provided more than $60 billion in financing over ten years to companies in over 45 healthcare sectors including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals and medical devices. Our team of professionals creates business and financial solutions tailored to meet the individual needs of our customers. For more information, visit gecapital.com/healthcare.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital). GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. For more information, visit the company's website at www.ge.com.
GE Capital, Americas
Allison Perkins, 203-229-1447