Health Realty Advisors, Inc. announces $38 million sale-leaseback on behalf of Crozer-Keystone Health System
Springfield, Pa. – Oct. 21, 2009 Michael Goldenberg, President of Health Realty Advisors, Inc., announces the completion of a $38 million sale-leaseback transaction on behalf of Crozer-Keystone Health System. [ more]
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Financing
| Mr. Goldenberg is a principal and has structured and financed the following: |
Projects |
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The New Wills Eye Hospital Medical Office Building
(60,000 SF – Lender Beneficial Savings Bank) |
$10,000,000 |
Tabor Children’s Services Corporate Offices
(16,000 SF Lenders PNC Bank and
Delaware Valley Economic Development Fund) |
$ 2,445,000 |
Meridian Health System
(35,000 SF Corporate Data Center – Lender Fleet Bank) |
$ 6,300,000 |
| Thomas Jefferson University Hospital |
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(250,000 SF MOB conversion of Federal Reserve Building
Lenders – PNC Bank, Fleet Bank) |
$29,500,000 |
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(34,000 SF Voorhees New Jersey Ambulatory Care Facility
Lender – Fleet Bank) |
$ 6,500,000 |
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(15,000 SF MOB Acquisition – DePache Building) |
$ 2,100,000 |
New York Medical Center Queens
(5,000 SF Imaging Center – Lender Bank of New York) |
$ 1,445,000 |
St. Christophers Hospital for Children
(94,000 SF MOB – Lender Massachusetts Mutual Life
Insurance Company) |
$16,200,000 |
Childrens Specialized Hospital for Children
(10,000 SF Ambulatory Center – Lender Fleet Bank) |
$ 2,000,000 |
Atlanticare Health System
(Two (2) 15,000 SF MOB’s – Lender PNC Bank) |
$ 5,130,000 |
Virtua Healthcare
(20,000 SF Primary Care Facility)
(5,000 SF MOB Acquisition – Lender Fleet Bank) |
$ 2,800,000
$ 550,000 |
Parkview Hospital
(86,000 SF MOB – Lender Fleet Bank/Philadelphia Healthtrust) |
$14,888,000 |
Lower Bucks Hospital
(36,000 SF Ambulatory Surgery Center/MOB
Lender Fleet Bank) |
$ 8,245,000 |
Gnaden Huetten Memorial Hospital
(25,000 SF Emergency Room and Outpatient Services Addition
Lender – Fleet Bank) |
$ 6,700,000 |
Granary Partners, (Granary Building)
(45,000 SF Corporate Headquarters – Lender – Wachovia Bank) |
$8,000,000 |
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| Mr. Goldenberg also structured and financed the following transaction as part of the creation of Medical Real Estate Investment Trust (Medical REIT) which was later merged with Omega Healthcare Investors. |
Graduate Health System
(Sale and Leaseback of 3 MOB’s 210,000 SF and Parking Garage) |
$30,000,000 |
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| Mr. Goldenberg recently completed the following acquisitions: |
Kids 1, Inc.
Acquisition and lease of an office building being converted to a Secondary School for special needs children (Lender – G/E Capital) |
$4,200,000 |
Ford Road Hospital
Structured and executed the sale of Thomas Jefferson University Hospital’s Ford Road Campus to List Associates, L.P. |
$ 3,000,000 |
| Total |
$ 160,003,000 |
Transactions in Progress |
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Sale/Leaseback of Crozer Keystone Healthplex and MOB’s
258,000 sf sale/leaseback |
$ 39,200,000 |
Rothman Institute
29,000 sf MOB in Egg Harbor NJ
Commitment Obtained TD Bank |
$ 9,006,000 |
| Total |
$ 208,209,000 |
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