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CHICAGO-Lillbridge has secured refinancings for $250 million of its debt. The recent refinancings represent about a third of the private health care real estate firm’s total debt and encompasses only permanent financing on existing health care properties, not any construction loans. Generated by a variety of lenders, these refinancings shore up Lillibridge’s debt for at least another three years.

“This refinance during these tough economic times shows that our company continues to have a very strong capital structure,” Todd Lillibridge, Lillibridge chairman and CEO, says. “It’s a testament to the quality of properties that we own that we were able to secure this amount of debt financing. We are well-positioned for the future and continue develop and acquire high quality health care properties.”

Lillibridge’s portfolio consists of nearly six million square feet of health care real estate spanning 16 states. “It is due to the company’s strength that we were able to refinance this debt in this economy,” Joe Kurzydym, CFO of Lillibridge, says. “We not only acquire and develop medical buildings, we manage all our own assets and do business with the highest rated health care providers. Our assets are well-operated and well-leased, and I believe that these factors separate us from others in the industry.”

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