{"id":1004355650,"date":"2019-09-26T04:35:42","date_gmt":"2019-09-26T12:35:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004355650"},"modified":"2021-05-15T05:26:13","modified_gmt":"2021-05-15T13:26:13","slug":"multi-state-office-portfolio-scores-455m-in-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/multi-state-office-portfolio-scores-455m-in-financing\/","title":{"rendered":"Multi-State Office Portfolio Scores $455M in Financing"},"content":{"rendered":"
\"\"<\/a>

Image via Pixabay<\/em><\/p><\/div>\n

Brookwood Financial Partners has received a total of $455 million in financing to recapitalize its multi-state office portfolio encompassing nearly 30 properties. The Carlton Group arranged $408.5 million of the mortgage through JPMorgan Chase, which is set to mature in 2022, according to Yardi Matrix.<\/p>\n

Considering the fast-paced market conditions, Brookwood aimed to quickly optimize its position within the office sector, according to The Carlton Group. Brookwood used the debt financing to recapitalize an existing loan and invested a part of the proceeds in buying out small business partners. The company also raised equity to finalize the transaction.<\/p>\n

The firm\u2019s portfolio includes 27 suburban office buildings positioned close to major metros in the Northeast corridor, Florida, Texas and California. The recapitalized office portfolio comprises a total of 4.3 million square feet, more than half of Brookwood’s entire portfolio tracked by Yardi Matrix. The firm owns more than 6 million square feet of office space nationwide, Yardi Matrix data shows.<\/p>\n

Earlier this year, Brookwood sold a 124,463-square-foot San Diego office campus<\/a> to a partnership between Fenway Capital Advisors and Waterfall Asset Management for $28.2 million. The company sold the building after six years of ownership.<\/p>\n","protected":false},"excerpt":{"rendered":"

Brookwood Financial Partners utilized the funds to recapitalize 27 properties totaling more than 4 million square feet of suburban space.<\/p>\n","protected":false},"author":871,"featured_media":1004331197,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,23891,21742,21747],"tags":[35559,32972,35264],"class_list":["post-1004355650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-national","category-latest","category-office","tag-brookwood-financial-partners","tag-jp-morgan-chase-company","tag-the-carlton-group"],"acf":[],"yoast_head":"\nMulti-State Office Portfolio Scores $455M in Financing - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/multi-state-office-portfolio-scores-455m-in-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multi-State Office Portfolio Scores $455M in Financing\" \/>\n<meta property=\"og:description\" content=\"Brookwood Financial Partners utilized the funds to recapitalize 27 properties totaling more than 4 million square feet of suburban space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/multi-state-office-portfolio-scores-455m-in-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-26T12:35:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T13:26:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/06\/financing-news-02.-Image-via-Pixabay.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/multi-state-office-portfolio-scores-455m-in-financing\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/multi-state-office-portfolio-scores-455m-in-financing\/\",\"name\":\"Multi-State Office Portfolio Scores $455M in Financing - 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