TPG Angelo Gordon And The WE’RE Group Secure $280 Million Refinance For Long Island Medical Office Portfolio

A joint venture between TPG Angelo Gordon and The WE’RE Group has secured financing for a medical office portfolio located in Long Island. The asset comprises 14 properties totaling 1,510,000 square feet. The loan was facilitated through Nomura and Citigroup, signifying a significant refinancing effort in the medical office sector.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $280,000,000
• Loan Type: Refinance
• Lender: Citi Group & Nomura
• Landlord: TPG Angelo Gordon & The WE’RE Group
• Brokers: Jordan Roeschlaub, Christopher Kramer, Tim Polglase, Dan Axelson & Niv Shahmoon - Newmark

The refinancing deal highlights the involvement of key individuals including brokers from Newmark who played a crucial role in structuring the deal, facilitating communication between the lenders and the landlords to finalize the transaction effectively.