Chiron Real Estate Inc. Accelerates Portfolio Transition via Recapitalization of IRF Assets
Chiron Real Estate completed the recapitalization of a $217 million portfolio of inpatient rehabilitation facilities through a joint venture with a public pension fund, retaining a 15% equity stake. Proceeds from the sale are earmarked to fund the acquisition of Pinnacle North Bethesda, a luxury seniors housing community, for approximately $176 million.
Key figures
- Sqft sold
- 456000
- Sqft acquired
- 282000
- Acquisition price
- $176 million
- Sold portfolio value
- $217 million
- Jv equity retained percent
- 15
- Weighted average lease term years
- 8
AI analysis
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