Press Release February 09, 2022

Seavest and Nuveen Partner in $1 Billion Medical Office Transaction

The Real Estate Industry and Propsci teams advised Seavest Healthcare Properties LLC on the $1 billion recapitalization of a portion of the company’s medical office portfolio in a joint venture transaction with Nuveen Real Estate, as well as the transfer of the underlying real estate and assumption of the underlying mortgage loans.

Seavest Investment Group, LLC is a real estate and social impact directed investment management firm. Seavest Healthcare Properties, its wholly owned subsidiary, focuses on investments in the medical office and outpatient facility sector.

Nuveen Real Estate is one of the largest real estate investment managers with $142 billion of assets under management.

The transaction extends Seavest’s and Nuveen’s existing relationship in the medical office building and outpatient medical facility sector. 

The Goodwin team was led by Diana Brummer, Mark Schonberger, Adam Kopald, Wendell Ramsey, and Ben Drai.

For more details on the transaction, read the press release. For more information on Goodwin’s market-leading life sciences real estate practice, visit our Propsci page.