KeyBank Secures More than $180 Million for a 41-Property Walgreens Portfolio

Cleveland — The transaction is a joint venture between affiliates of Mesirow Financial, Cantor Fitzgerald and Net Lease Capital Advisors

KeyBank Real Estate Capital has arranged five senior loan commitments totaling more than $180 million for 41 Walgreens properties. The 41-property portfolio is allocated across five pools, with four consisting of eight properties each and one consisting of nine properties. John Hofmann of KeyBank Real Estate Capital Markets structured the non-recourse, fixed rate CMBS loans to finance a sale-leaseback of the properties. The transaction is a joint venture between affiliates of Mesirow Financial, Cantor Fitzgerald and Net Lease Capital Advisors, utilizing a Delaware Statutory Trust. 

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