The credit facility is seeded with four assets in Connecticut, Rhode Island and New Hampshire. The assets are a combined 201,369 square feet.
“The seed portfolio totaled nearly $30 million in initial loan proceeds, with a $45 million accordion feature for the acquisition of additional medical properties,” according to Commercial Property Executive.
The Sendero Capital-Angelo Gordon joint venture focuses on value-add and core-plus outpatient medical offices and ASCs across the Northeast.
The funding was arranged by JLL Capital Markets.
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