MIAMI—As the healthcare real estate market heats up in South Florida, lenders and healthcare REITs are making their bets. Victoria Nursing and Rehabilitation Center, an 85,770-square-foot skilled nursing facility in Miami, just won $29 million in financing.

HFF helped Victoria secure the 15-year, fixed-rate loan through Ocean Bank. HFF managing director Jim Dockerty and senior real estate analyst Scott Wadler led the charge.

“The Victoria Nursing Center is a five-star, skilled nursing facility and the professional team at Ocean Bank provided a competitively priced and creative financing solution for our client,” Dockerty tells GlobeSt.com. The healthcare real estate is located at 955 Northwest 3rd Street just south of the Miami River.

The property spans five floors within the eight-story Victoria Medical Center. Originally built in 1971, the property underwent major renovation in 2001 and features 264 beds, 196 of which are private.

In June, Healthcare Trust of America (HTA) grew its Miami portfolio to about 753,000 square feet when it acquired three medical office buildings. The healthcare real estate acquisition spans 113,000 square feet. The properties are locationed on campus or near the Baptist Health System's South Miami Hospital and Baptist Hospital of Miami. These properties are about  80% occupied and will be immediately managed by HTA's internal property management and leasing platform.

"These assets are located in attractive, high barrier to entry markets on the east coast that feature above average income levels and health insurance coverage,” says chairman and CEO Scott D. Peters. “They are well positioned to grow in value over the long term and enable us to expand our asset management and leasing platform in these key markets.”