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05

Secure Income REIT Secures AIG Refi

By Tony Seruga

Headquartered in London’s West End, Select Income began trading as a REIT in June 2014.

LONDON—Secure Income REIT has completed its £902.6-million (approximately US$1.37 billion) refinancing with a new 10-year, fixed-rate non-recourse loan facility from affiliates of AIG Asset Management Europe Ltd.Eleven of the REIT’s healthcare assets secure the £315.6-million (approximately US$479 million) facility from AIG, Secure Income said Friday.

The AIG loan follows two financing transactions in September. Blackstone Mortgage Trust and Rothesay Life extended a £367-million, seven-year senior loan secured by the Secure Income’s leisure portfolio, including three UK properties and two in Germany. Separately,Legal & General Group plc provided a 10-year, £220-million senior loan secured by nine of the REIT’s healthcare assets in the UK…

Secure Income REIT Secures AIG Refi

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