Le Lézard
Classified in: Business
Subject: RLE

CIT Arranges $14.8 Million Financing for Acquisition of Dallas Medical Office Building


NEW YORK, April 12, 2019 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance unit arranged $14.8 million in financing for the acquisition of Greenville Medical Tower in Dallas, Texas.

(PRNewsfoto/CIT Group Inc.)

The financing was arranged on behalf of a joint venture managed by Catalyst Healthcare Real Estate and Bain Capital Real Estate, which acquired the six-story medical office building, which is located across the street from the 857-bed Texas Health Presbyterian Hospital Dallas.

"The robust demand for healthcare services in the Greater Dallas-Fort Worth market means the Greenville Medical Tower will continue to play an important role in serving the community," said Catalyst Senior Vice President Alex Bell.

"We are pleased to provide financing in support of Catalyst and Bain Capital Real Estate's acquisition of this high-quality property," said William Douglass, managing director and group head for CIT's Healthcare Finance unit. "Our industry knowledge, experience and expertise are assets that we're proud to leverage to meet our clients' needs."

CIT's Healthcare Finance unit, part of the company's Commercial Finance division, provides comprehensive financing and banking solutions to middle market healthcare companies across the U.S. By using a client-focused and industry-centric model, Healthcare Finance can tailor its products and services to help clients meet their needs for growth capital.

About CIT
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience, approximately $50 billion in assets as of Dec. 31, 2018, and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, real estate financing, equipment financing, factoring and railcar financing. CIT's consumer banking segment includes its national online bank, CIT Bank, and a Southern California branch bank, OneWest Bank. Discover more at cit.com/about.

MEDIA RELATIONS:
John M. Moran
212-461-5507
[email protected]

SOURCE CIT Group Inc.


These press releases may also interest you

at 15:57
Lantower Residential Real Estate Development Trust (No. 1) (the "REDT") announced today that it has received expressions of interest and commitments that in the aggregate are expected to achieve the maximum offering amount of US$52 million and has...

at 15:46
Ademi LLP is investigating Touchstone for possible breaches of fiduciary duty and other violations of law in its transaction with First National Corporation....

at 15:42
Ademi LLP is investigating Integrated Financial for possible breaches of fiduciary duty and other violations of law in its transaction with Capital Bancorp....

at 15:28
Mineros S.A. (CB: MINEROS) ("Mineros" or the "Company") is providing a correction to the disclosure on the 2023/2024 dividend information contained in its press release of March 27, 2024. The information below replaces and supersedes the prior 2023...

at 15:21
Average weekly trading volume of approximately 511,698 sharesFund's adviser has more than 50 years of small- and micro-cap investment experienceCLOSING PRICES AS OF 02/29/24 NAV 10.57 MKT 9.33   AVERAGE ANNUAL TOTAL RETURN AS OF 02/29/24 NAV (%) MKT...

at 15:20
A closed-end fund that invests in global equities using a disciplined value approachAverage weekly trading volume of approximately 111,480 sharesFund's adviser has more than 50 years of small- and micro-cap investment experience  CLOSING PRICES AS OF...



News published on and distributed by: