First Citizens Bank Arranges $99.3M For Kayne Anderson Real Estate And Remedy Medical Properties Joint Ventures
Portfolio Pulse from Benzinga Newsdesk
First Citizens Bank, through its Healthcare Finance business, has completed two loan transactions totaling $99.3 million with joint ventures managed by Kayne Anderson Real Estate and Remedy Medical Properties. A $75 million loan was provided for the acquisition of Baylor Scott & White Medical Center in Texas, and $24.3 million for refinancing two medical office buildings in Mississippi. The deals support the growth of Kayne Anderson and Remedy's joint ventures in the medical real estate sector.
November 29, 2023 | 2:17 pm
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First Citizens Bank has arranged $99.3 million in financing for medical real estate ventures, indicating active involvement in the healthcare finance sector and potential growth in its loan portfolio.
The successful arrangement of substantial loans for medical real estate ventures by First Citizens Bank's Healthcare Finance business could be seen as a positive development, likely to enhance the bank's reputation in healthcare financing and potentially increase its loan portfolio. This news may be viewed favorably by investors, potentially leading to a short-term positive impact on the stock price.
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