Updated Sep 30, 2025
Welltower And Wafra Secure $327 Million Financing For Medical Office Portfolio Across 13 States
$327,000,000
$233/SF
Building Size
1,400,000 SF
Asset Type
Medical Office
Closing
Sep 25, 2025
About this deal
AI
The transaction involves a medical office portfolio comprising 22 properties with a total square footage of 1,400,000 across 13 states. The total loan amount secured for this portfolio refinancing is $327 million, which includes a senior loan and mezzanine debt. The financing is part of the United States market for medical office assets.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $327,000,000
- Lender: Morgan Stanley & Artemis
- Landlord: Fawaz Al-Mubaraki - Wafra; Shankh Mitra - Welltower
- Broker: Jordan Roeschlaub, Nick Scribani & John Caraviello - Newmark
Welltower and Wafra played significant roles in securing the financing. Morgan Stanley originated a senior loan amounting to $278.3 million, while Artemis contributed $48.7 million in mezzanine debt. Newmark facilitated the arrangement of this financing.
Players
Market Medical Office Market Snapshot
Boundary boundary · Medical Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93