Welltower And Wafra Secure $327 Million Financing For Medical Office Portfolio Across 13 States

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.