GE Capital Provides $72 Million to Landmark Healthcare Facilities for New Jacksonville, FL Medical Complex
June 30 2015 - 10:16AM
Business Wire
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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version on businesswire.com: http://www.businesswire.com/news/home/20150630005944/en/
GE Capital, Healthcare Financial ServicesMaria C. Moreno,
301-664-9859mariac.moreno@ge.comorGE CapitalLisa Tibbitts,
203-956-4582lisa.tibbitts@ge.comorLandmark Healthcare Facilities
LLCAnnie Scholz,
414-223-7722ascholz@landmarkleadership.comorPhysicians Realty
TrustJohn T. Thomas, 214-549-6611President and CEOorJeff Theiler,
414-978-6521Chief Financial Officer
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