Carlton Group Closes $135.8 Million Financing For Houston Mixed-Use Project
September 9, 2021
The Carlton Group’s CEO Michael Campbell and Managing Director Kyle Morque announced that they have closed $135.8 million in construction financing for Medistar Corporation’s development of a 19-story, 714-bed student housing project and 2,500 car parking structure for Texas A&M in the Texas Medical Center.
This is the first phase of a 1.9 million square foot development that will also include Life Sciences, Biomedical, Medical office and R&D as well as structured parking and retail.
Founded in 1974, Medistar Corporation is a Houston-based medically-focused real estate development company known for their modern, economical and technologically robust hospitals, integrated medical plazas and medical office buildings.
“I want to congratulate Monzer Hourani and the entire Medistar team for their vision and making this amazing project a reality” said Morque who led the firm’s efforts.
About The Carlton Group
Founded in 1991, The Carlton Group is an international real estate investment banking firm that specializes in arranging JV Equity partnerships and executing large, complex, often multi-tranche equity and debt transactions for large development and trophy assets. The firm has offices throughout the United States and Europe and has closed in excess of $157 Billion of transactions throughout the United States, Europe, Caribbean, Mexico and South America. For more information, visit www.CarltonGroup.com.