Young also noted that Global Medial REIT's pipeline was very healthy and growing, “and this capital will allow us to move aggressively to sign and close transactions.”

Indeed, the REIT has been scaling up very rapidly since its IPO last July, when it raised $150 million of gross proceeds for a net of $137 million.

Its latest series of deals were announced last month: it closed on, or had under contract, nine healthcare facilities for a total of $103.4 million. Once these deals will have closed Global Medical REIT will have made some $310 million in investments over the course of the last six or so months.

BETHESDA, MD–Global Medical REIT has more than doubled the fire power in its senior revolving credit facility with BMO Harris Bank to $200 million, plus an accordion feature allowing for an additional $50 million.

In December 2016, the REIT announced that it secured a credit facility with the bank for $75 million in revolving credit commitments and $125 million in an accordion feature. The credit facility floating rate is based on its consolidated leverage ratio, with a maximum rate of 300 basis points over LIBOR.

Global Medical REIT says that strong interest from the eight syndicate members in the credit facility allowed it to increase the amount. “The fact that we were ultimately able to secure commitments of $200 million, with an accordion feature for an additional $50 million, from BMO and its syndicate members provides great validation of our business,” CEO David Young says in a prepared statement.

BMO Capital Markets, SunTrust Robinson Humphrey, and Citizens Bank acted as Joint Lead Arrangers and Joint Book runners on the transaction. The lenders under the Credit Facility include BMO Harris Bank, Citizens Bank, SunTrust Bank, The Huntington National Bank, Comerica Bank, KeyBank National Association, Franklin Synergy Bank and Branch Banking and Trust Co.

Young also noted that Global Medial REIT's pipeline was very healthy and growing, “and this capital will allow us to move aggressively to sign and close transactions.”

Indeed, the REIT has been scaling up very rapidly since its IPO last July, when it raised $150 million of gross proceeds for a net of $137 million.

Its latest series of deals were announced last month: it closed on, or had under contract, nine healthcare facilities for a total of $103.4 million. Once these deals will have closed Global Medical REIT will have made some $310 million in investments over the course of the last six or so months.