newsfilter
← Latest News
Business Wire·

Seven Hills Realty Trust Closes $22.7 Million First Mortgage Loan to Refinance a Medical Office Property in Sugar Land, Texas

  • Seven Hills Realty Trust (SEVN) closed a $22.7 million first mortgage loan to refinance Sugar Land Medical Plaza.
  • The 120,000 square foot property is located in Sugar Land, Texas, an affluent Houston suburb.
  • The loan carries a three-year initial term with two one-year extension options.
  • The transaction was facilitated by Colliers on behalf of sponsors Harrison Street and Pinecroft Realty.
  • Tom Lorenzini, SEVN's President and Chief Investment Officer, cited strong tenancy and proximity to healthcare providers as key investment drivers.
  • SEVN is managed by Tremont Realty Capital, an affiliate of The RMR Group.