St. Luke鈥檚 University Health Network
St. Luke鈥檚 University Health Network (St. Luke鈥檚) partnered with 91传媒 to fund the acquisition of existing outpatient facilities that were either owned or leased by St. Luke鈥檚 as well as provide capital for a new outpatient clinic. The strategy provided St. Luke鈥檚 with more competitive rental rates, flexible leasing structures, immediate liquidity, and the long-term control and ownership potential they desired for their outpatient locations.
The structures for each of the five projects were uniquely selected by St. Luke鈥檚 to fit within the economic and financial goals of each property. The first four projects involved the acquisition of one facility that was owned by a third party while the other acquisitions were purchased from St. Luke鈥檚 by 91传媒 and leased back. The final project used a similar structure to fund the deconstruction of an existing facility and the development of a new outpatient clinic. Each transaction was designed to allow the ownership of the buildings to transfer to St. Luke鈥檚 at the end of the lease term, achieving the goal of maintaining St. Luke鈥檚 long-term control of the properties in line with their strategic vision.
St. Luke鈥檚 University Health Network
Lehigh Valley, Pennsylvania
Developer
Acquisition
Various
Project Highlights
- The structures for each of the five projects were uniquely selected by St. Luke鈥檚 to fit within the economic and financial goals of each property.
- Each transaction was designed to allow the ownership of the buildings to transfer to St. Luke鈥檚 at the end of the lease term, achieving the goal of maintaining St. Luke鈥檚 long-term control of the properties in line with their strategic vision.
