Global Medical REIT Inc. acquired Portfolio of Three Buildings in Pensacola, Florida from Clearway Pain Solutions Institute, LLC.
January 18, 2021
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Global Medical REIT Inc. (NYSE:GMRE) acquired Portfolio of Three Buildings in Pensacola, Florida from Clearway Pain Solutions Institute, LLC on January 19, 2021. John C. Riddle and Clinton J. Parker of Brown Gibbons Lang & Company acted as financial advisor to Clearway Pain Solutions Institute, LLC.
Global Medical REIT Inc. (NYSE:GMRE) completed the acquisition of Portfolio of Three Buildings in Pensacola, Florida from Clearway Pain Solutions Institute, LLC on January 19, 2021.
Global Medical REIT Inc. is an internally managed real estate investment trust (REIT). The Company acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems. The Company conducts its business through a wholly owned subsidiaries of its operating partnership, Global Medical REIT L.P. It owns 92.91% of the outstanding common operating partnership units (OP Units) of its operating partnership, with an aggregate of 7.09% of the Operating Partnership owned by holders of long-term incentive plan units (LTIP Units) and third-party limited partners who contributed properties or services to the operating partnership in exchange for OP Units. Its portfolio includes medical office buildings (MOBs), inpatient rehab. facility (IRF), surgical hospital and others. The Company's portfolio is located in various areas, including Texas, Florida, Ohio, Oklahoma, Pennsylvania, Arizona, and Illinois.