#United States #New Jersey #Brown Gibbons Lang #Garden State Medical Center #STORE Capital

BGL Facilitates a Major Real Estate Sale

Brown Gibbons Lang & Company (BGL), a recognized independent investment banking and financial advisory firm, has announced a significant transaction in the healthcare real estate sector. Recently, BGL facilitated the sale of the Garden State Medical Center's real estate portfolio, comprising approximately 46,000 rentable square feet located in Central and Southern New Jersey, to STORE Capital. This strategic move marks a pivotal moment for both BGL and the healthcare market in the region.

Overview of the Garden State Medical Center Portfolio

The Garden State Medical Center (GSMC) is renowned as one of New Jersey's largest orthopedic and interventional pain management practices. The comprehensive portfolio consists of seven locations throughout New Jersey, with the flagship property situated in Whiting, NJ. This prominent location houses the Manchester Surgery Center, an advanced ambulatory surgical center (ASC) equipped for various surgical specialties. The center features four private pre-operative areas, four PACU (Post-Anesthesia Care Unit) beds, four Phase 2 recovery areas, and two state-of-the-art operating rooms.

Founded in 2004, GSMC delivers exceptional healthcare services focused on orthopedic spine surgery, interventional pain management, sports regenerative medicine, and rheumatology. With a strong emphasis on patient care and advanced medical practices, the center continuously adapts to meet the growing demands of the New Jersey healthcare landscape.

The Role of BGL's Healthcare Real Estate Team

BGL's dedicated Healthcare Real Estate team played a crucial role as the exclusive advisor in this transaction, demonstrating their profound expertise in the healthcare segment. Led by industry veterans John Riddle and Sean Maynard, the team specializes in providing tailored capital market strategies and solutions for both private and institutional healthcare organizations. Their service offerings include sale-leaseback transactions, asset dispositions, debt/equity recapitalizations, and tax-deferred UPREIT structures. This transaction not only enhances the investment profile of the involved parties but also aligns with emerging trends within the medical outpatient real estate sector.

The Significance of the Sale

The acquisition of the GSMC portfolio by STORE Capital underscores the growing interest in healthcare real estate investment. With the increasing demand for healthcare services and the rising need for sophisticated medical facilities, such investments are seen as both financially strategic and socially responsible. The transaction provides STORE Capital with a portfolio that includes high-quality surgical facilities, ensuring that they are well-positioned within the healthcare market.

Moreover, the sale allows GSMC to strengthen its operational capabilities by focusing on clinical excellence and patient care. By divesting real estate assets, the center can redirect resources towards enhancing its medical services and patient outcomes—creating a beneficial scenario for all stakeholders involved.

Looking Forward

As BGL continues to navigate the complexities of the healthcare real estate market, they remain committed to delivering superior advisory services to their clients. The sale of the Garden State Medical Center portfolio exemplifies their commitment to facilitating strategic transactions that foster growth, sustainability, and innovation within the medical sector.

For those interested in understanding more about trends in investment within the medical outpatient real estate and REIT sectors, BGL offers comprehensive insights, including their latest Mid-Year Market Update available on their website.

About Brown Gibbons Lang & Company

Established in 2004, Brown Gibbons Lang & Company is a leading independent investment bank that focuses on the global middle market. The firm provides a wide range of financial services, including mergers and acquisitions, capital markets facilitation, financial restructurings, business valuations, and strategic advisory services. With offices based in major U.S. cities—Boston, Chicago, Cleveland, Los Angeles, and New York—and real estate capabilities in Chicago and Cleveland, BGL is positioned as a prominent entity in the investment banking landscape. Through their affiliation with REACH Cross-Border Mergers & Acquisitions, BGL is equipped to serve clients in markets across 30 countries, ensuring a comprehensive and global approach to investment solutions.

For more information about their services and recent transactions, visit BGL's website.