JACKSONVILLE, Fla., Feb. 7, 2024
/PRNewswire/ -- First Citizens Bank today announced that its
Healthcare Finance business provided $37
million to Rethink Healthcare Real Estate to refinance
Grandview Physicians Plaza I, a medical office building located in
Birmingham, Alabama.
The medical office building spans over 200,000 rentable square
feet and is located on the Grandview Medical Center campus. The
property is conveniently located near the border of Jefferson and Shelby counties on US 280.
Tenants include the hospital and practices specializing in
endoscopy, imaging, orthopedics, women's health services, internal
medicine, physical therapy, and a range of other services.
"Grandview Physicians Plaza I is an important medical facility
that is critical to supporting the activities of the attached
hospital," said Jonathan Winer,
President & CIO of Rethink Healthcare Real Estate. "We
appreciate First Citizens' industry knowledge and their efficient
execution of the financing."
"We are pleased to work with Rethink Healthcare again, a valued
client of First Citizens, in arranging financing for this
property," said William Douglass,
Managing Director and Group Head for First Citizens Healthcare
Finance.
"It is always a pleasure to work with Rethink Healthcare Real
Estate, and to continue to support the relationship through the
refinancing of this best in class, on campus, medical office
building," said Steve Reedy,
Managing Director and Head of Medical Office Banking at First
Citizens.
First Citizens Healthcare Finance provides comprehensive
financing and banking solutions to middle market healthcare
companies across the U.S. Using a client-focused and
industry-centric model, Healthcare Finance tailors its products and
services to help clients meet their needs for growth capital.
About First Citizens Bank
First Citizens Bank
helps personal, business, commercial and wealth clients build
financial strength that lasts. Headquartered in Raleigh, N.C., First
Citizens has built a unique legacy of strength, stability and
long-term thinking that has spanned generations. First Citizens
offers an array of general banking services including a network of
more than 500 branches and offices in 30 states; commercial banking
expertise delivering best-in-class lending, leasing and other
financial services coast to coast; innovation banking serving
businesses at every stage; and a nationwide direct bank. Parent
company First Citizens BancShares, Inc.
(NASDAQ: FCNCA) is a top 20 U.S.
financial institution with more than $200
billion in assets. Discover more at
firstcitizens.com.
MEDIA RELATIONS:
Ella Bristow
(212)
461-5322
Ella.Bristow@firstcitizens.com
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SOURCE First Citizens Bank