Flagship REIT Strengthens Capital Position With Expansion of Senior Revolving Credit Facilities

CHARLOTTE, N.C., Sept. 9, 2025 /PRNewswire/ -- Flagship Healthcare Trust, Inc. (Flagship REIT), a Charlotte-based outpatient healthcare real estate investment trust, has expanded its syndicated senior revolving credit facilities arranged by Fifth Third Bank.

The $500 million senior secured credit facility has a $175 million Revolving Credit Facility (the "Facilities") and a $325 million Term Loan. The Facilities are secured through an equity pledge, with an Unencumbered Pool Value of about $600 million.

"Completing the expansion and recast of this syndicated credit facility represents a major step forward in Flagship's evolution," said President and Chief Executive Officer J. Brannen Edge III. "Moving to a semi-unsecured structure provides us with additional flexibility and demonstrates our lending partners' recognition of the continued growth and strength of Flagship's portfolio, platform, and team, as well as our disciplined and prudent approach to debt financing."

Added Mick Perillo, Managing Director, Head of Healthcare Real Estate for Fifth Third, "We are proud to have led the structuring and execution of this pivotal credit facility for Flagship. This transaction reflects not only our deep commitment to our clients, but also the strength and expertise of our team in delivering complex, strategic financing solutions. Supporting Flagship at this important stage of their growth is a privilege, and we look forward to continuing to help them achieve their long-term objectives."

Created in 2018, Flagship REIT is managed by its affiliate, Flagship Healthcare Properties, LLC (Flagship). Flagship has developed more than 935,200 square feet of medical office space, in addition to managing 8.4 million square feet of healthcare real estate across more than 385 properties, serving over 770 tenants.

"This new $500 million credit facility marks an important milestone for Flagship as we continue to scale," said Andrew Dhionis, Vice President and Managing Director, Investments. "It streamlines our capital structure, extends our debt maturity profile, reduces borrowing costs, and provides us with the flexibility to pursue strategic growth through acquisitions and developments in the medical outpatient space."

Eight other financial institutions are participating in the credit facility, with Fifth Third Bank, National Association serving as the sole bookrunner and lead arranger.

About Flagship Healthcare Properties
Flagship Healthcare Properties, LLC (Flagship) is an outpatient healthcare real estate firm serving clients throughout the United States. Headquartered in Charlotte, North Carolina, Flagship offers a full range of real estate services, including acquisitions, development, leasing and brokerage, as well as facilities, property and asset management. Flagship serves as the manager of its private REIT, Flagship Healthcare Trust, Inc. For further information, visit www.FlagshipHP.com.

About Flagship Healthcare Trust
Flagship Healthcare Trust, Inc. (Flagship REIT), is a private real estate investment trust that owns clinical healthcare assets throughout the United States. Flagship REIT holds interest in 109 properties comprising 3.0 million square feet of space and valued at more than $1.1 billion. For further information, visit www.FlagshipHP.com/REIT.

MEDIA CONTACT: Taylor Mumma, 919.830.1580; [email protected]

SOURCE Flagship Healthcare Properties