Seven Hills Realty Trust Closes $30.5 Million Loan to Refinance Atlanta Medical Office Property
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Seven Hills Realty Trust has secured a $30.5 million loan to refinance the Glenridge Medical Center in Atlanta, which is 95% leased with an average lease term of seven years. The loan features a three-year term with two one-year extensions, subject to conditions. The transaction was facilitated by JLL for EBS Properties Investments, LLC, and managed by Tremont Realty Capital. The strong occupancy and long lease term were noted as key investment factors.
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