HFF secures $39.6 million refinancing for 9-property healthcare portfolio in Dallas/Fort Worth and Houston
DALLAS, TX – DRAFT – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured a $39.6 million refinancing for a nine-property healthcare portfolio totaling 234,000 square feet in Dallas/Fort Worth and Houston, Texas.
Working on behalf of the borrower, Pinecroft Core Holdings, HFF placed the 10-year, fixed-rate loan with Voya. The nine assets are owned across a number of investors.
The portfolio consists of medical office buildings and emergency centers in high-growth areas of Dallas/Fort Worth and Houston. The properties were built between 2004 and 2015 and are north of 90 percent leased.
The HFF debt placement team representing the borrower was led by managing director Steven Heldenfels and associate director Jeremy Sain.
About Pinecroft Core Holdings
Pinecroft Core Holdings, LLC is an affiliate of Pisula Development Company and RRC Medical Real Estate, LLC. RRC is a full service, commercial real estate firm located in The Woodlands, a suburb of Houston, Texas. RRC provides property, asset and facilities management services for just under 1.1 million square feet of commercial real estate. Through its Pinecroft Realty, LLC subsidiary, RRC provides leasing and brokerage services. For more information please visit PinecroftRealty.com
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
HFF Associate Director
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