HIG Realty Partners has issued a loan secured by a class A medical office building.



NEW YORK–() – HIG Capital (“HIG”), a leading global alternative investment firm with $ 44 billion under management, is pleased to announce that its subsidiary, HIG Realty Partners, has provided a loan to finance the lease of 114 Pacifica (the “Ownership”). a 110,000 square foot Class A medical office building located in Irvine, California. Currently, the project is undergoing internal and external repair work, a new multi-level garage is being built on the territory.

The loan was provided by Harrison Street (the “Sponsor”), a leading investment management firm specializing exclusively in alternative real assets. Harrison Street acquired the property in September 2020, which was previously a multi-tenant traditional office building, with the intention of refurbishing and leasing to medical users.

“We are delighted to fund a unique asset in the Irvine, California filling market, flanked by some of the major hospital systems in Orange County,” said Michael Mestel, managing director of HIG Realty Partners. He added: “Given the sponsor’s track record in medical office space, we are confident that the sponsor will transform the facility and attract top tier medical office tenants to the site.”

About HIG Realty Partners

HIG Realty Partners is the real estate platform of HIG Capital, a leading global alternative asset investment firm with $ 44 billion under management. * HIG Realty Partners manages $ 8.2 billion in assets and specializes in small and mid-cap real estate, focusing on both equity and debt investments in all types of real estate located in the US, Europe and Latin America. Debt investments include senior bridging loans, mezzanine loans and preferred shares backed by transition assets and portfolios. Equity investments are focused on acquiring value-added assets using a practical, operations-oriented approach that aims to generate significant cash flow and asset value growth through rehabilitation, redevelopment, repositioning and rebranding of assets that were undercapitalized and / or poorly managed. … For more information visit the HIG website. www.higcapital.com

About HIG Capital

HIG is a leading global alternative asset investment firm with $ 44 billion under management. * Based in Miami and also has offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the United States. as international subsidiaries in London, Hamburg, Madrid, Milan, Paris, Bogota, Rio de Janeiro and São Paulo, HIG specializes in providing both debt and equity capital to small and medium-sized companies using a flexible and operational / value-oriented an approach. added approach:

  1. HIG Equity Funds invest in management buyouts, recapitalizations and corporate unbundling of both profitable and underperforming manufacturing and service businesses.

  2. HIG Debt Funds invest in senior, unit and junior debt financing for companies of all sizes, both in the primary (direct creation) and secondary markets. HIG is also the lead CLO manager across the WhiteHorse family of vehicles and operates the publicly traded BDC, WhiteHorse Finance.

  3. HIG Real Estate Funds invest in value-added real estate that can benefit from improved asset management practices.

Since its founding in 1993, HIG has invested in and managed over 300 companies around the world. The company’s current portfolio includes over 100 companies with cumulative sales of over $ 30 billion. For more information visit the HIG website at www.higcapital.com

* Based on total capital commitments managed by HIG Capital and its affiliates.


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