LOS ANGELES-G&L Realty has secured two loans totaling $240 million from US Bank for two medical office portfolios in Southern California. Jones Lang LaSalle secured the loan on behalf of G&L Realty, which is known for ownership and management of healthcare-related properties.
G&L Realty secured a seven-year $176.5 million loan for a five-property portfolio in in Beverly Hills' Golden Triangle district. The portfolio is located within close proximity to Cedars-Sinai Medical Center and UCLA Medical Center. “Tenants are drawn to this location because of the close proximity to [these] two main healthcare centers,” Reid McGlamery, EVP at JLL, tells GlobeSt.com “The draws there are clearly proximity to those facilities and the high quality of real estate that my client owns.”
The second loan was secured for a medical office portfolio with assets in Sherman Oaks, Santa Clarita and La Jolla. For these properties, G&L Realty received a five-year, $63.5 million loan.
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Kelsi Maree Borland
