GE Healthcare Financial Services Closes $12.7 Million Deal with Seavest, Inc.

GE Healthcare Financial Services has provided a $12.7 million three-year fixed rate first mortgage to Seavest, Inc., a boutique investment firm focused on developing, acquiring and managing healthcare real estate properties. The White Plains, N.Y., company will use the mortgage to finance the sale lease-back of a physician group medical office building in Ruston, La. "GE Healthcare Financial Services understood our needs and worked with us to provide the financing solution we were seeking,” said Douglas Ray, President of Seavest Inc. "In today’s changing financial market, GE is consistent and helped us acquire the necessary financing to make this strategic acquisition.” "This deal represents a small, but growing, trend towards the sale of physician-owned real estate,” said Curt Schaller, Senior Managing Director of Real Estate for GE Healthcare Financial Services. "Our financing expertise and strong balance sheet enabled us to quickly execute this transaction and help Seavest achieve its financing needs.” About GE Healthcare Financial Services GE Healthcare Financial Services is the premier provider of capital, financial solutions, and related services for the global healthcare market. With approximately $21 billion in assets, GE Healthcare Financial Services offers a full range of financing capabilities from equipment leasing and real estate financing to working capital lending, vendor programs, and acquisition financing. With a dedicated focus and a deep knowledge of the healthcare industry, GE Healthcare Financial Services collaborates with customers to create tailored financial solutions that help them improve their productivity and profitability. For more information, visit www.gehealthcarefinance.com. About Seavest Inc. Established in 1981 to provide wealth management and family office services to the Segal family, Seavest Inc. has grown to be an investment management firm focused primarily on developing, acquiring and managing health care real estate assets. A pioneer in that sector, Seavest made its first healthcare real estate investments in the mid-1980s. Today, the firm controls a portfolio of more than 1.5 million square feet of medical office space, with another 500,000 square feet under development. Seavest closed its first two healthcare real estate investment funds in 2002 and 2005, and recently held the initial closing for its newest fund, Seavest Properties III. For more information, please visit us online at www.SeavestInc.com or call (914) 683-8474.