First phase of University of Florida’s Health North campus opened in
February
GE Capital’s Healthcare Financial Services (HFS) business announced
today that it has provided a first mortgage to Landmark Healthcare
Facilities LLC for a 210,000-square-foot outpatient medical complex in
Jacksonville, FL.
The property is composed of an outpatient care center as well as medical
offices. The fully-leased building includes the outpatient and specialty
services of University of Florida Health (UF Health), an academic
medical center, and the University of Florida’s physician practice
group. Community physician practices lease the remaining space in the
building. The first phase of UF’s new Health North campus opened in
February.
Milwaukee, WI-based Landmark is a full-service developer of physician
office buildings and clinics, ambulatory care and surgery centers,
cardiac and cancer centers, imaging centers, fitness and women’s centers
and laboratories. Formed in 1995, Landmark has developed more than 300
outpatient facilities.
“We’ve worked with GE Capital’s Healthcare Financial Services business
since 2011,” said Mark Eisenmann, Landmark’s CFO. “In addition to being
a reliable source of financing, we appreciate their in-depth
understanding of the unique nature of medical office buildings.”
“It was great to work with a premier medical office developer such as
Landmark, as well as with Physicians Realty Trust, which provided the
mezzanine financing. This transaction represents our strong commitment
to the medical office space. We’re confident this new community hospital
in North Jacksonville will quickly become a crucial source of medical
services while creating new jobs in the region,” said Erik Tellefson, a
managing director of GE Capital, Healthcare Financial Services.
About Landmark Healthcare Facilities LLC
Landmark Healthcare Facilities LLC is a leading full-service developer
of physician office buildings and clinics, ambulatory care and surgery
centers, cardiac and cancer centers, imaging centers, fitness and
women’s centers and laboratories. Landmark Facilities provides all the
professional services, work product and deliverables that are required
to design, develop and construct the complete range of outpatient
buildings -- on a guaranteed-price, full-service basis.
Landmark Facilities is the asset and property manager of all the
outpatient buildings that are under the ownership of the Landmark
Healthcare Properties Fund LLC. More information on Landmark Facilities
and the Landmark Fund can be found at www.landmarkleadership.com.
About Physicians Realty Trust
Physicians Realty Trust is a self-managed healthcare real estate company
recently organized to acquire, selectively develop, own and manage
healthcare properties that are leased to physicians, hospitals and
healthcare delivery systems.
They invest in real estate that is integral to providing high quality
healthcare services. Their properties typically are on a campus with a
hospital or other healthcare facilities or strategically located and
affiliated with a hospital or other healthcare facilities. http://www.docreit.com/
About GE Capital, Healthcare Financial Services
GE Capital’s Healthcare Financial Services (HFS) business is one of the
most active capital providers in the U.S. healthcare market, providing
more than $10.5 billion in financing across more than 240 transactions
in 2014. Of these, over $1 billion were committed in the medical office
building and the medical properties sector across more than 60
transactions.
Customers across 45 healthcare sectors — including senior housing,
hospitals, medical offices, outpatient services, pharmaceuticals and
medical devices — rely on HFS to finance acquisitions, refinance
existing debt, support working capital needs and fund growth
initiatives. With in-depth industry knowledge and expertise, the HFS
team of professionals creates financial solutions tailored to meet the
individual needs of its customers. For more information, visit
gecapital.com/healthcare or follow company news via Twitter (http://twitter.com/GELendLease).
GE Capital offers consumers and businesses around the globe an array of
financial products and services.
GE (NYSE: GE) imagines things others don’t, builds things others can’t
and delivers outcomes that make the world work better. GE brings
together the physical and digital worlds in ways no other company can.
In its labs and factories and on the ground with customers, GE is
inventing the next industrial era to move, power, build and cure the
world. www.ge.com
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