Guardian Realty Secures $78M for DC Portfolio
Guardian Realty has secured $78 million in financing for nine medical office buildings in the Washington, D.C. MSA, representing a portion of Guardian's portfolio under management.
Phillips Realty Capital arranged the financing, which was provided by two separate lenders.
"The transactions garnered significant interest from a variety of capital sources," said C. Stephen Shaw, Jr., President of Phillips Realty Capital. "Capital is readily available for assets like these that are backed by quality sponsorship, a precursor of things to come in 2013."
Guardian Realty Investors, LLC operates a private institutional real estate investment trust and investment vehicles that own 46 office buildings in Washington, D.C., Suburban Maryland (Montgomery and Prince George's Counties, Columbia and Towson), and Virginia (Arlington, Fairfax County, Virginia Beach and Norfolk).