NEW YORK--(BUSINESS WIRE)--White Oak Healthcare MOB REIT today announced it has acquired four Class-A Medical Office Buildings in Ohio and Minnesota. The four assets total 112,000 square feet and are fully leased to a diverse group of physician practices and surgery centers. The Fischer Laser Eye Center and surgery center is located in Willmar, Minnesota, in close proximity to Rice Memorial Hospital.
The three facilities in Ohio are located in the greater Cleveland area and include the Chardon Surgery Center in Chardon, OH, near TriPoint Medical Center; the Parschauer Eye Clinic in Sandusky, OH, near Firelands Regional Medical Center; and a multi-tenant building anchored by Southwest Urology in Middleburg Heights, OH, near Southwest General Medical Center.
Dr. David Lynn, President and Chief Investment Officer of White Oak Healthcare MOB Holdings who is leading the REIT said, “We are pleased to add these stabilized, high-quality assets with surgery centers to our portfolio of medical office buildings.”
About White Oak Healthcare MOB REIT & White Oak Healthcare Finance
White Oak Healthcare MOB REIT is a vertically-integrated healthcare real estate investment platform with extensive capabilities in acquisitions, underwriting, research, asset management and capital markets. The REIT, primarily invests in Class A medical properties in close proximity to large healthcare facilities in primary and secondary markets. It is a business division of White Oak Healthcare Finance, LLC (“WOHCF”), an affiliate of White Oak Global Advisors, LLC. WOHCF is a lender to all subsectors within the healthcare industry including healthcare services, pharma and life sciences, medical devices, healthcare technology, healthcare real estate, hospitals and SNFs. WOHCF has deep domain expertise with a sole focus on healthcare which enables it to provide flexible and creative solutions with certainty of execution. WOHCF offers a differentiated product set including cash flow term loans, asset based loans and ABL Stretch facilities, unitranche facilities, last out financings, real estate financings, equipment financings and opportunistic investments. As a lender with large pools of capital to deploy, WOHCF generally holds its full loan positions to maturity.
About White Oak Global Advisors
White Oak Global Advisors, LLC (“WOGA”) is a leading alternative debt manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Together with its financing affiliates, WOGA provides over twenty lending products to the market, including term, asset-based, and equipment loans, to all sectors of the economy. Since its inception in 2007, WOGA has deployed over $8 billion across its product lines, utilizing a disciplined investment process that focuses on delivering risk-adjusted investment returns to investors while establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.