Ventas and partner GIC have refinanced $425 million in debt on three university-leased life sciences buildings in Pennsylvania through a $475 million transaction on the commercial mortgage-backed securities market. The investors pulled out $40.5 million in cash as part of the deal.
Ventas secures $475 million CMBS loan on Pennsylvania life sciences buildings
Leases from Drexel University, University of Pittsburgh support CMBS refinancing
CoStar News
September 29, 2025 | 4:04 P.M.
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IN THIS ARTICLE
- Properties
- The Assembly
5000 Baum Blvd, Pittsburgh, PA
- Drexel Academic Tower
60 36th St, Philadelphia, PA
- The Assembly
5051 Centre Ave, Pittsburgh, PA
- Companies
- Ventas, Inc.
Real Estate
- GIC Private Limited
Finance and Insurance
- Drexel University
Educational Services
- University of Pittsburgh
Educational Services