Eyzenberg & Company recapitalized a diversified $230MM healthcare portfolio by arranging an offshore, Sharia-compliant capital solution.
Challenges
Sourcing equity and structured capital for rural hospitals in a tertiary market proved to be a challenging endeavor for the Sponsor. Additional time constraints made it impossible to do a HUD execution.
Solutions
Eyzenberg & Company arranged REILS (Real Estate Index Linked Securities) structured equity with a domestic issuer. A series of leases were executed to enable rent to mimic interest payments thereby qualifying the opportunity for Sharia-compliant investors. The capital infusion provided the sponsor the ability to repatriate capital, acquire additional properties and to renovate existing ones.
Gary Melman joined Eyzenberg & Company in 2024 and is responsible for
originating, structuring, and placing debt and equity capital for commercial real estate
transactions throughout the U.S.
Gary is a seasoned commercial real estate finance and investment manager with
substantial institutional experience in capital markets, financing, acquisitions, and
asset management across various asset classes during his prior roles at J.P.
Morgan, TIAA-CREF, American Realty Advisors, and PCCP.
Prior to joining Eyzenberg & Company, Gary was responsible for capital markets at
Intracorp Homes, originating and placing capital for Intracorp’s multi-family,
townhome, and condominium ground up development projects on the West Coast.
Gary received an MBA in Finance from NYU Stern School of Business, a BBA in
Finance from Pace University, and is a licensed real estate broker in California.
gmelman@eyzenberg.com
D: (305) 995-0777 ext.729
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