BGL Announces the Sale of the Garden State Medical Center Real Estate Portfolio

Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is pleased to announce the sale of the Garden State Medical Center Real Estate Portfolio ("GSMC" or "Portfolio"), totaling approximately 46,000 rentable square feet in Central and Southern New Jersey, to STORE Capital. BGL's Healthcare Real Estate team served as the exclusive advisor to the seller in the transaction.

The Portfolio consists of seven practice locations across the state. The largest property, in Whiting, NJ, houses Manchester Surgery Center, GSMC's state-of-the-art ambulatory surgery center (ASC). The center includes four private pre-op areas, four PACU beds, four Phase 2 Recovery areas, and two operating rooms. The multi-specialty ASC is equipped for a range of surgical specialties.

Founded in 2004, GSMC is one of the largest physician-owned orthopedic and interventional pain practices in the Shore Region of New Jersey, with specialization in orthopedic & spine surgery, interventional pain management, sports & regenerative medicine, and rheumatology.

Led by John Riddle & Sean Maynard, BGL's Healthcare Real Estate team is a leading advisor to private and institutional healthcare organizations, offering capital market strategies and solutions, including sale-leaseback transactions, asset disposition, debt/equity recapitalization, private placement, and tax-deferred UPREIT structures.

To learn about the trends impacting investment in the medical outpatient real estate and REIT sectors, read BGL's latest Mid-Year Market Update here.