Seven Hills Realty Trust, a real estate investment trust focused on first mortgage lending, announced the closing of a $22.7 million first mortgage loan to refinance Sugar Land Medical Plaza, a 120,000-square-foot medical office property in Sugar Land, Texas.
Located in an affluent suburb of Houston, the property benefits from favorable demographics and proximity to major healthcare providers and outpatient services. The loan carries an initial term of three years and includes two one-year extension options, subject to certain borrower conditions. The financing opportunity was sourced to SEVN’s manager, Tremont Realty Capital, by Colliers on behalf of sponsors Harrison Street and Pinecroft Realty.
The investment adds another healthcare-related asset to Seven Hills Realty Trust’s portfolio and reflects the company’s strategy of originating first mortgage loans backed by middle-market commercial real estate properties in attractive markets.
Seven Hills Realty Trust is managed by Tremont Realty Capital, an affiliate of The RMR Group, which oversees more than $37 billion in assets under management. The company specializes in originating and investing in first mortgage loans secured by transitional commercial real estate assets.
KEY QUOTE:
“This investment reflects our continued focus on originating first mortgage loans secured by high quality assets in attractive markets. Sugar Land Medical Plaza is a well-established medical office property in a growing Houston suburb, supported by strong tenancy and steady demand from nearby healthcare providers. We believe this transaction aligns with our disciplined investment approach and represents a strong addition to our portfolio.”
Tom Lorenzini, President and Chief Investment Officer, Seven Hills Realty Trust
