Varnum LLP advised Davis Medical Investors, LLC (Davis) on its $171 million refinancing of its debt with a new $250 million syndicated line of credit facility with Capital One Healthcare as Administrative Agent. The transaction covers 19 Class A medical office properties totaling more than 820,000 square feet of space across eight states.
Davis is a national healthcare real estate firm specializing in development, property management, brokerage, investment, and consulting services.
Varnum represented Davis in all aspects of the transaction, including negotiating the complex loan documentation, securing approvals for zoning, addressing title issues, handling agreements with nearly 200 tenants, and coordinating with Davis’ new real estate investment trust partner. Kevin Macaddino led the Varnum team, which also included Edward Gusky, Lauren Potocsky, and Margaret Reaume.
