RMR facilitates $272.1 million refinancing for Cedars-Sinai Los Angeles medical office portfolio
- RMR Group facilitated USD 272.1 million interest-only mortgage refinancing for a Cedars-Sinai medical office portfolio in Los Angeles.
- Loan secured by two 11-story buildings at 8631 and 8635 W. Third Street, totaling about 330,000 square feet.
- Financing carries a two-year initial term, three one-year extension options, priced at one-month Term SOFR plus 180 basis points.
- Proceeds repaid about USD 267 million of mortgage debt due February 2027, covering remaining closing costs.
- Diversified Healthcare Trust holds a 20% equity interest in the joint venture; Morgan Stanley and BNP Paribas provided the financing.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The RMR Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261009730563) on October 12, 2026, and is solely responsible for the information contained therein.