Newmark Group has successfully facilitated a strategic joint venture between Catalyst Healthcare Real Estate and Heitman. In addition, Newmark played a crucial role in securing $300 million to support the development of specialized healthcare properties such as medical outpatient buildings, orthopedic centers of excellence, and inpatient rehabilitation facilities.
The first phase of this partnership will involve funding seven projects currently under construction or planned for development. These projects span five states and cover nearly 500,000 square feet. They also include reputable tenants like Ochsner Health, Andrews Medicine, University of Mississippi Medical Center, and PAM Health.
According to Brian Pieracci , Heitman’s head of private equity for North America: “Medical office properties offer counter-cyclical qualities as they are considered essential assets with high demand due to aging populations and the shift towards outpatient services.” This makes the Catalyst portfolio an attractive investment opportunity due to its major health system tenants that provide critical care services within their buildings.
The successful transaction was led by Newmark’s Healthcare Capital Markets group which includes executive managing director Ben Appel , senior managing directors John Neroand Jay Miele , senior managing director Michael Greeley ,and associate director Ron Ott . Their expertise in this sector was instrumental in bringing together these two leading companies for a mutually beneficial partnership.
