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The Regent Medical Portfolio is a 353,000 s/f core medical office portfolio NorthMarq Capital arranges $91.5m refinance for medical office portfolio

ISSUE HIGHLIGHTS Volume 28 Issue 15 August 12 - 25, 2016

Multifamily Financing 5-14A Central NJ 5-13B

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Estate Capital and a $10 mil- lion mezzanine loan placed with Morrison Street Capital . The Regent Medical Portfo- lio is a 353,000 s/f core medical office portfolio with several of the buildings having on-site surgery centers and within close proximity to major hos- pitals. Moreover, the portfolio is highly specialized since ap- proximately half of the tenan- cy is borrower affiliated. “This unique attribute, combined with this refinancing repre- senting a substantial loan ba- sis of $260 psf for a suburban office portfolio (which included a sizable cash-out), proved challenging for many lenders”, said Nalbandian. “Natixis Real Estate Capital and Morrison Street Capital worked dili- gently to understand the value in this prestigious portfolio and invested significant time and resources to understand Regent’s affiliated tenant.” “We continue to see compet- itive floating rate pricing for quality product with strong sponsors,” said Campanella. International Place is a LEED Gold and ENERGY STAR certified building locat- ed directly across the street from The Rosslyn Metro sta- tion (Blue, Orange and Silver lines) with quick access to Washington, DC, The Penta- gon, Reagan National Airport, Tysons and Dulles Inter- national Airport. Vehicular access is available with con- nections to Rte. 50, I-66 and 395, Wilson and Clarendon Blvd., the George Washington Memorial Parkway, and all major bridges into DC (Key Bridge, Roosevelt Bridge and Memorial Bridge). The building includes a newly renovated 4,376 s/f fit- ness center, modern high-end restrooms and best-in-class conference facility and man- agement office on the ground of The Meridian Group . A bank and debt fund served as the lenders.

ORTHERN NEW JERSEY — Gregory Nalbandian , manag-

ing director o f N o r t h - Marq Capi- t a l ’ s N e w Jersey-based regional of- fice, arranged $91.5 million in refinanc- ing for a best

CBRE arranges $183m in financing for presidential city apartment complex

Greg Nalbandian

in-class, 13 property medical office portfolio, of which eleven assets are located in excep- tional, high-demographic, in-fill markets throughout Northern New Jersey. The remaining assets are located in New York and Florida. Working for Regent Medical Properties, LLC, a rap- idly growing full service medical owner-operator based in North- ern New Jersey, the five-year fixed-rate loan was bifurcated between an $81.5 million senior loan placed with Natixis Real WASHINGTON, DC — Cushman & Wakefield an- nounced that it has secured $80.4 million in financing for 1735 N Lynn St., a 293,539 s/f, LEED Gold and ENERGY STAR Certified office build- ing. Executive managing direc- tor John Campanella of Cushman & Wakefield ar- ranged the financing on behalf

Chief investment officer for Regent Medical Properties, Barton Schack , noted how the portfolio has grown or- ganically over the past fifteen years from a single condo unit to its current size through the efforts of its owner, Dr. John Hajjar of Sovereign Health System. “The refinancing with Natixis and Morrison Street marks a significant first step

in transitioning Regent from local and regional lenders to more institutional capital pro- viders”, said Schack. “Based upon our growth projections, we required this refinancing to further expand our portfolio while also providing for short term flexibility as we continue to evaluate and execute on our strategic options during the next five years.” n

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For speaking and sponsorship information, please contact: Linda Christman at 781-871-3456 or lchristman@marejournal.com Multifamily Summit September 16, 2016 Philadelphia Commercial Real Estate Forecast Summit September 29, 2016 Pittsburgh Commercial Real Estate Forecast Summit UPCOMING CONFERENCES September 15, 2016 3rd Annual NJ Apartment/

Cushman & Wakefield DC arranges $80.4m in financing for a LEED Gold office building

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Financial Digest................................................5-14A DelMarVa • DC.................................................15-19A New Jersey................................................. Section B Pennsylvania.............................................. Section C

1735 N Lynn St.

Upcoming Spotlights Commercial Real Estate Law Governor’s Conference PA/NJ/DE ICSC Idea Exchange

floor. International Place en- joys spectacular views of the JeffersonMemorial, Memorial Bridge and the Potomac River and has the largest potential for balconies and outdoor space in the Rosslyn-Ballston Corridor. Nearby fast casual dining

includes Brown Bag, Chipotle, Chop’t, Perfect Pita, Potbelly, Starbucks, and Wiseguy NY Pizza. The large variety of shops, coffee houses, and res- taurants within the immedi- ate proximity will continue to create a vibrant atmosphere throughout Rosslyn. n

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