Business
Newmark Introduces Healthcare Capital Markets Group
The group completed $5.3 billion of transaction volume year-to-date through Q32021 NEW YORK, Dec. 6, 2021 /PRNewswire/ -- Newmark is pleased to announce its
About this update from Newmark Group, Inc.
[{"type":"text","content":"The group completed $5.3 billion of transaction volume year-to-date through Q32021\n\n\nNEW YORK, Dec. 6, 2021 /PRNewswire/ -- Newmark is pleased to announce its Healthcare Capital Markets Group, specializing in medical office building (MOB) sales, equity placement and financings. The group has completed strategic joint ventures, sales and recapitalizations as well as debt and structured financing activity totaling $5.3 billion year-to-date through the third quarter of 2021.\n\n \n \n \n \n \n \n\n \nWith over 50 years of industry experience in the healthcare sector, the Healthcare Capital Markets group is led by Executive Managing Director Ben Appel, Senior Managing Directors Jay Miele and Michael Greeley and Managing Director John Nero. The group also includes Associates Ron Ott and Adam Goss. As Newmark's healthcare platform continues to grow, the group will also work collaboratively with Vice Chairmen Chad Lavender and Ryan Maconachy, who co-lead the firm's Healthcare and Alternative Real Estate Assets group. \nThe Healthcare Capital Markets group has advised on the formation of joint venture equity partnerships totaling over $2.65 billion in aggregate value in the healthcare real estate sector. The group's transaction total also includes $2.12 billion of investment sales and recapitalizations and over $515 million in financing transactions.\n\"The formal establishment of our Healthcare Capital Markets group recognizes our team's comprehensive reach in the MOB industry,\" said Appel. \"The Healthcare Capital Markets group intentionally combines, into its core team, experienced investment sales personnel, FINRA-licensed real estate investment bankers and mortgage bankers.\"\nThe Healthcare Capital Markets group's transaction activity includes sales, financing and joint ventures, structured around single-asset and portfolios, across healthcare property types–including medical office buildings, surgery centers, acute-care hospital and post-acute facilities–on behalf of a diverse client roster of public and private REITS, core funds, pension funds, insurance companies, private equity, and healthcare providers. The group's select third-quarter transactions include:\nCornerstone Companies Portfolio – Recapitalization and debt placement for a national medical office building portfolio totaling over 700,000 square feet and programma...