Real Money: REOCs Arrange $7.9 Bil. in Financings

BioMed Realty Trust Inc. in San Diego entered into a new $ 750 million unsecured revolving credit facility, replacing a previous unsecured revolving credit facility which had a maturity date of Aug. 1, 2011. The new facility matures on July 13, 2015, but can be extended for one year to July 13, 2016 at the company’s option. In addition, the terms of the new facility permit BioMed to increase the amount of the revolving credit commitments to $ 1.25 billion…
South Florida Commercial Real Estate News From CoStar Group