TORONTO, June 28, 2021 /CNW/ – Mohawk Asset Administration Corp. (“Mohawk”), a Toronto-based various asset administration agency specializing in healthcare actual property, introduced in the present day the formation of Mohawk Syracuse (West Taft) Alternative Companions (II) LP and its buy of a medical workplace constructing in Syracuse, New York.
The West Taft Medical Heart is a 51,000 sq. foot, two story construction within the Syracuse adjoining group of Liverpool. The constructing’s tenancies embody cardiology, diagnostic lab, normal dentistry, oral surgical procedure, household care clinic, and endodontic and prosthodontics specialists.
The property was financed by an amortizing financial institution mortgage at 3.9% for a five-year time period.
This acquisition represents a continuation of Mohawk’s cross-border funding platform referred to as ‘Mohawk America’ which invests in U.S. healthcare actual property with money movement stability and progress potential, syndicated to Canadian traders.
Mohawk Medical Administration Corp. will deliver its experience in medical workplace constructing administration to supply specialised skilled administration companies to tenants and sufferers on the constructing.
Mohawk anticipates closing on future alternatives within the state of New York this 12 months.
SOURCE Mohawk Asset Administration Corp.
For additional data: Oleg Primack, Funding Affiliate, Mohawk Asset Administration Corp., Telephone: 416-532-2200
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