Recapitalization of Medical Office Building Portfolio

$25 million recapitalization of a medical office building portfolio and creation of a program for forming joint ventures with the primary purpose of purchasing, redeveloping and developing medical office properties throughout the Mid-Atlantic region.

Linowes and Blocher LLP negotiated the recapitalization of multiple entities holding title to medical office buildings located throughout the Washington D.C. region.  The Firm’s Business and Real Estate Transactions Groups assisted The Foulger-Pratt Companies in all aspects of this transaction, including the negotiation of modifications to existing ground leases and permanent financing documents, as well as related transfer tax planning and the negotiation of joint venture documents admitting the purchaser, a large institutional investor, as a member of each existing ownership entity.