NorthStar healthcare buy to include $3bn in CMBS debt

NorthStar Realty Finance Corp.’s $4bn acquisition of all outstanding shares of Griffin-American Healthcare REIT II will include a reported $3bn of CMBS backing. Citigroup Global Markets, Barclays Bank, JPMorgan Chase Bank and Column Financial (the real estate financing arm of Credit Suisse AG) will provide the CMBS financing. NorthStar announced that it would acquire the Griffin-American […]