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First Citizens Bank Provides $44M Financing for Trio of MOB Properties
First Citizens Bank said Thursday that its Healthcare Finance group, part of the CIT division, has provided $44.2 million to affiliates of Kayne Anderson Real Estate and Remedy Medical Properties to finance a portfolio of medical office building properties.
The portfolio consists of three medical office building properties located in Wisconsin and Illinois with combined rentable space of more than 266,000 square feet. The properties include the ProHealth Medical Group urgent care center in Brookfield, WI; the Silver Cross Health Center urgent care facility in Mokena, IL; and the Moreland Medical Center in Waukesha, WI.
“Kayne Anderson Real Estate and Remedy Medical Properties have a growing reputation across the industry for identifying and acquiring superb medical office properties,” said William Douglass, managing director and group head for CIT Healthcare Finance. “We were pleased to support their ongoing efforts to advance their business objectives.”
- ◦Financing
