Mohawk Medical Growth Partners Announces Closing $25 Million Acquisition of a Medical Office Building in Vaughan, ON and Brokered and Non-Brokered Private Placement - WICU12 HD WSEE Erie, PA News, Sports, Weather, Events

Mohawk Medical Growth Partners Announces Closing $25 Million Acquisition of a Medical Office Building in Vaughan, ON and Brokered and Non-Brokered Private Placement

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact

SOURCE Mohawk Medical Growth Partners Corp.

TORONTO, July 24, 2014 /CNW/ - Mohawk Medical Growth Partners ("Mohawk"), a private real estate investment firm, announced today it has acquired the premier medical office building in Vaughan, ON via its 4th investment vehicle, Mohawk Vaughan Opportunity Partners (I) LP.

This property, called the "Columbus Medical Arts Building", is 100% occupied by over thirty physicians including general practitioners, dermatologists, pediatricians, OB/GYNs and medical services including pharmacy, lab, x-ray and urgent care walk-in. Mohawk Medical Management Corp. will provide medical specific, property management and leasing services.

Equity financing was comprised of a brokered and non-brokered private placement. Raymond James Ltd. acted as Agent for the brokered private placement.  Timbercreek Senior Mortgage Investment Corporation provided first mortgage financing.

Mohawk plans to close its 5th investment vehicle in Q4-2014 with two properties under contract.

Mohawk proudly announces the election of Andrew Shapack to the Board of Trustees of Retrocom REIT. This real estate investment trust is listed on the Toronto Stock Exchange (TSX) under the ticker RMM.UN. Mr. Shapack will serve as the Chairman of the Governance Committee. 

About Mohawk Medical Growth Partners

Mohawk is a Toronto based private equity firm specializing in healthcare real estate and committed to exceptional returns through reasonable risks. Sean Nakamoto and Andrew Shapack, whose combined track record includes 64 medical office building acquisitions, formed Mohawk in September 2012. The firm engages in acquisition, property management and asset management of Canadian medical office buildings financed through syndication to LP investors.

Mohawk achieves its objectives through an aggressive, ambitious and disciplined acquisition program aimed at creating a geographically diversified portfolio of high quality properties that will generate stable distribution yields and capital appreciation opportunities.

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow
3514 State St. Erie, PA 16508
Newsroom: (814)454-8812
Toll Free: 1(800)454-8812
Business offices: (814)454-5201
Share Stories
Submit your stories to our site!
Share Photos
Share your photos in our community galleries
Mobile Site
Be sure to stay constantly updated with the power of WICU12 and WSEE at your fingertips
Free Android App
Free iPhone App
Free iPad App
Storm Tracker App
All content © Copyright 2000 - 2014 WorldNow and WICU. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.
                   WICU/WSEE - 3514 State Street Erie, PA 16508 - (814) 454-5201 -