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Big Sky Medical Secures Six Texas Healthcare Properties
JLL arranged approximately $190 million acquisition financing for ten healthcare properties totaling 857,779 square feet. Six are in Texas.
JLL worked on behalf of the borrower, Big Sky Medical Real Estate, in securing the five-year, floating-rate loan from a bank syndication led by Capital One Healthcare.
“Despite a challenging environment, our team and JLL persevered and successfully syndicated this loan to close out a successful 2022.” said Big Sky’s Jason L. Signor.
The properties are collectively 87% occupied. The six Texas sites in the portfolio include:
- Pyramids North, Dallas, Texas
- Pyramids South, Dallas, Texas
- Providence Park, College Station, Texas
- Greenpark MOB, Houston, Texas
- Texas A&M Health Science Center, College Station, Texas
- Peak Surgical Center, Richardson, Texas
A JLL survey highlights that patients are moving to sunbelt states and retirement markets such as Texas, at exponential rates creating more demand for medical office buildings.
- ◦Sale/Acquisition
