{"id":5,"date":"2015-12-14T04:09:47","date_gmt":"2015-12-14T04:09:47","guid":{"rendered":"http:\/\/theme-fusion.com\/avada\/medical\/?page_id=5"},"modified":"2021-11-09T21:56:41","modified_gmt":"2021-11-09T21:56:41","slug":"home","status":"publish","type":"page","link":"https:\/\/nhrefco.org\/","title":{"rendered":"Home"},"content":{"rendered":"

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Introducing<\/span> NHREFCO<\/span><\/h1>\n

NHREFCO (the National Healthcare, Research, and Education Finance Corporation) is a specially formed 501 (c)(3) organization whose charitable purpose allows it to build or purchase real estate anywhere in the US to reduce the burdens of real estate occupancy costs for eligible not for profit healthcare related projects.<\/span><\/p>\n<\/div>

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Learn More<\/span><\/a><\/div>
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Say goodbye to REITS, Third Party Landlords, and Investors<\/h2>\n<\/div>
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Now say Hello to control of your future and your real estate. All while receiving lower occupancy costs than traditional landlords can deliver with no impact on your cash or debt capacity. Below are just a few of the many benefits of working with NHREFCO.<\/h3>\n<\/div>
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LOWER OCCUPANCY COSTS<\/h2><\/div>
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Receive lower occupancy costs than can be delivered by traditional landlords through special leasing arrangements.<\/div><\/div><\/div>

NO IMPACT ON CASH OR DEBT CAPACITY<\/h2><\/div>
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Preserve your organization’s cash and debt capacity for activities that support your core mission, not real estate.<\/div><\/div><\/div>

EXEMPTION FROM PROPERTY TAXES<\/h2><\/div>
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NHREFCO build to suit properties are exempt from property taxes in most jurisdictions. Properties acquired by NHREFCO in sale leaseback transactions retain their previous property tax exemptions, unlike transactions built or purchased by conventional landlords.<\/div><\/div><\/div>
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BUILD TO SUIT OR SALE LEASEBACKS<\/h2><\/div>
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NHREFCO can build new facilities or monetize existing owned assets<\/p>\n<\/div><\/div><\/div>

PURCHASE OR ASSIGN REAL ESTATE PURCHASE RIGHTS TO ANYONE ANYTIME<\/h2><\/div>
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Maintain the ability to purchase the property or assign purchase rights to a third party at any time during the lease at a declining price.<\/div><\/div><\/div>

CONTROL OF RESIDUAL VALUE<\/h2><\/div>
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Through the combination of a declining price purchase right and reversionary rights under a Ground Lease<\/div><\/div><\/div>
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MEET OUR CLIENTS<\/h2>\n<\/div>
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A few of the many successful projects made possible by NHREFCO<\/h3>\n<\/div>
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\"CLEVELAND<\/div><\/div>
CLEVELAND CLINIC $420 MILLION IN LEASE FINANCINGS<\/span>Project Type- Build to Suit Healthcare Campus<\/span><\/div><\/div>
Completed $420m in real estate lease financing transactions for the Cleveland Clinic. These projects encompassed an administrative center, parking garage and communications command center, all done under a Ground Lease\/ Operating Lease format with a NHREFCO ownership entity.<\/div>
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\"USC<\/div><\/div>
USC $38 MILLION CAMPUS ADDITION LEASE FINANCING<\/span>Project Type- Build to Suit Health Services Campus<\/span><\/div><\/div>
Completed a $38,000,000 build-to-suit lease transaction on the USC Health Sciences campus. The project encompassed a 130,000 s.f. administrative office building and fitness\/rehabilitation center leased by USC for a 20 year term. Cost of project debt financing was 3.86%.<\/div>
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\"NATIONAL<\/div><\/div>
NATIONAL JEWISH HEALTH $71 MILLION LEASE FINANCING<\/span>Project Type- Build to Suit Center for Outpatient Health<\/span><\/div><\/div>
The project, compromised of 104,350 sq.feet of research and clinical space on five stories, has an attached 5-story parking structure and is connected to the existing NJH campus by a 2nd floor pedestrian bridge. The project enjoys an exemption from property taxes and sales taxes on construction materials and is scheduled for completion in October, 2021. In order to accommodate NJH\u2019s requirements, the transaction was structured as an \u201cinstallment sale\u201d from NHREFCO to NJH, with NJH receiving ownership of the project free and clear at the end of the lease term.<\/div>
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