Colliers Closes $16 Million in Acquisition Financing for 10 Carematrix

Boston, January 18, 2019 – Colliers Boston Capital Markets team announced that it has recently arranged acquisition/rehab financing for a healthcare rehabilitation center located at 10 Carematrix Drive in Dedham, Massachusetts.  The 63,000-square-foot healthcare center was purchased by GFI Partners, a prominent Boston-based investor/developer, and their partner, Walden Behavioral Care.  The Colliers team of Adam Coppola, Tom Welch, John Poole, and Tonia Jenkins secured the acquisition financing with The Washington Trust Company

Constructed in 1996, the four-story building was designed for use as an assisted living facility and will be rehabilitated into a new first-class 100-bed facility for the holistic treatment of eating disorders, secured by a long-term lease to Walden Behavioral Care.  Located adjacent to the Dedham Corporate Center T station with rail service to Boston, the property is well-situated just off Route 128 proximate to a substantial base of quality multifamily, retail and hotel amenities.

“GFI Partner’s premier development expertise combined with Walden’s first-rate care will enable this facility to provide a desperately needed high-quality Boston area treatment option for families battling eating disorders,” stated Adam Coppola, Vice President at Colliers International.

 

 

10Carematrix 

 

 

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About Colliers International Group Inc.

Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $25 billion of assets under management from the world’s most respected institutional real estate investors.

 Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.

Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.

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For further information, please contact:

 

Jen Weber

InkHouse for Colliers

Phone: 781.966.4130

Email: colliers@inkhouse.com