MIAMI—GE Capital's Healthcare Financial Services business is showing confidence in both the medical office sector and the Jacksonville commercial real estate market. GE just inked a $72 million first mortgage to Landmark Healthcare Facilities LLC for a 210,000-square-foot outpatient medical complex in Jacksonville, FL.

“It was great to work with a premier medical office developer such as Landmark, as well as with Physicians Realty Trust, which provided the mezzanine financing,” says Erik Tellefson, a managing director of GE Capital, Healthcare Financial Services. “This transaction represents our strong commitment to the medical office space. We're confident this new community hospital in North Jacksonville will quickly become a crucial source of medical services while creating new jobs in the region,”

The healthcare real estate asset includes an outpatient care center and medical offices. The building is 100% leased to tenants like University of Florida Health (UF Health, which has its outpatient and specialty services there, as well as an academic medical center, and the University of Florida's physician practice group.