Phase 3 Real Estate Partners And Bain Capital Real Estate Secure $484 Million Loan From Brookfield For Genesis Marina

The asset involved in the transaction is the Genesis Marina life sciences campus located at 3500 Marina Boulevard, Brisbane, with a total square footage of 561,000. A loan amount of $484,000,000 was secured as part of a refinance arrangement.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: $484,000,000
• Lender: Bruce Flatt & William Powell - Brookfield
• Landlord: Neil Fox - Phase 3 Real Estate Partners & John Connaughton - Bain Capital Real Estate
• Brokers: Bruce Ganong, Tim Wright, Todd Sugimoto & Daniel Pinkus - JLL
• Loan Type: Refinance

This transaction involved a joint venture between Phase 3 Real Estate Partners and Bain Capital Real Estate, reflecting their collaboration in securing financing from Brookfield for the property.