Newmark Arranges $300M Joint Venture Between Catalyst And Heitman To Fund The Development Pipeline Of Purpose-Built Healthcare Properties, Including Medical Outpatient Buildings, Orthopedic Centers Of Excellence And Inpatient Rehabilitation Facilities
Portfolio Pulse from Benzinga Newsdesk
Newmark Group, Inc. (NASDAQ:NMRK) has arranged a $300 million joint venture between Catalyst Healthcare Real Estate and Heitman to fund the development of purpose-built healthcare properties, including medical outpatient buildings, orthopedic centers, and inpatient rehabilitation facilities.
August 08, 2024 | 5:04 pm
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Newmark Group has successfully arranged a $300 million joint venture to fund the development of healthcare properties, which could enhance its reputation and business prospects in the commercial real estate sector.
The successful arrangement of a $300 million joint venture to develop healthcare properties demonstrates Newmark's capability in securing significant deals, which could positively impact its business and stock price in the short term.
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