ProMed Expands with $112 Million Boston Acquisition

North Miami Beach, FL (August 15, 2011) – ProMed Properties (“ProMed”) announced today that it
has acquired a research building and a medical office building connected via walkways directly to the
Tufts Medical Center Campus in the heart of downtown Boston, Massachusetts for approximately $112
million plus transaction costs.
The two buildings comprise approximately 252,000 square feet and are 100% leased to Tufts Medical
Center, a world-class academic medical center (415 beds), which is the principal teaching hospital for
Tufts University School of Medicine, a premier, internationally respected medical school. The purchase
includes the Tupper Building, a 97,500 square foot wet-laboratory building, and the Biewend Building, a
154,500 square foot outpatient clinical space servicing a host of specialties including orthopedic and
optometry care.
Conveniently located at the convergence of Boston’s Back Bay, Financial District, Theatre District and
Chinatown, the Tufts Medical Center Campus enjoys a vibrant and diverse business sector, prestigious
colleges and universities, upscale retail and dining, and a variety of cultural venues. Both buildings
benefit from the revitalization in the surrounding area of the Tufts Medical Center Campus and offer
excellent access to Routes 93 and 90 (The Massachusetts Turnpike), the major thoroughfares of the City
of Boston. Numerous public transportation options are also just steps away.
Josh Friedman, President and CEO of ProMed, stated, “This transaction is consistent with our strategy
of acquiring properties near best-in-class hospitals and medical universities in strong urban locations.
We are thrilled to enter the Boston market and are actively looking to expand our Northeast portfolio.”
Roni Soffer, President of Gazit-Globe and Executive Chairman of ProMed, stated, “The healthcare real
estate market in North America continues to enjoy strong demand for medical and research space as
healthcare expenditures continue to grow and life expectancy increases. The medical office building
platform is one of Gazit-Globe’s growth engines and the recent acquisitions by ProMed promote our
long-term strategy of becoming a leading owner and operator in this sector.”
ProMed financed the acquisition with available cash and the assumption of the existing loans of
approximately $93 million.
About ProMed Properties
ProMed Properties is a wholly owned subsidiary of Gazit-Globe. ProMed Properties is engaged in the acquisition and
management of medical office and medical-research buildings in growing metropolitan areas of the United States. The
company’s primary investment objective is the creation of value through long-term maximization of cash flows and capital
appreciation from its real estate investments. ProMed Properties owns and operates approximately 1.4 million square feet of
medical office and medical-research buildings, and two multi-story parking garages. www.promedproperties.com
For additional information, please contact Josh Friedman, President and CEO of ProMed, (305) 947-8800,
jfriedman@gazitgroup.com
About Gazit-Globe
Gazit-Globe is one of the world’s leading multinational real estate companies engaged in the acquisition, development and
management of income-producing properties. The company focuses on necessity-driven real estate, primarily supermarketanchored
shopping centers in urban growth markets with high barriers to entry and attractive demographics. In addition, the
company is active in the healthcare real estate sector, owning and operating medical office buildings and senior housing
communities in North America. Gazit-Globe is listed on the Tel Aviv Stock Exchange (TASE: GLOB) and is included in the
TA-25 and the Real-Estate 15 indices. As of March 31, 2011, the company had an equity market capitalization of about
US$2 billion. The Group operates in more than 20 countries, owns and manages over 660 properties with a gross leasable
area of approximately 73 million square feet and has a consolidated total asset value of approximately US$18 billion and a
gross annualized income of approximately US$1.75 billion. www.gazit-globe.com
For more information, please contact Gazit-Globe’s Investor Relations Department at +972 3 694 8000, IR@gazitgroup.com

North Miami Beach, FL (August 15, 2011) – ProMed Properties (“ProMed”) announced today that it

has acquired a research building and a medical office building connected via walkways directly to the

Tufts Medical Center Campus in the heart of downtown Boston, Massachusetts for approximately $112

million plus transaction costs.

The two buildings comprise approximately 252,000 square feet and are 100% leased to Tufts Medical

Center, a world-class academic medical center (415 beds), which is the principal teaching hospital for

Tufts University School of Medicine, a premier, internationally respected medical school. The purchase

includes the Tupper Building, a 97,500 square foot wet-laboratory building, and the Biewend Building, a

154,500 square foot outpatient clinical space servicing a host of specialties including orthopedic and

optometry care.

Conveniently located at the convergence of Boston’s Back Bay, Financial District, Theatre District and

Chinatown, the Tufts Medical Center Campus enjoys a vibrant and diverse business sector, prestigious

colleges and universities, upscale retail and dining, and a variety of cultural venues. Both buildings

benefit from the revitalization in the surrounding area of the Tufts Medical Center Campus and offer

excellent access to Routes 93 and 90 (The Massachusetts Turnpike), the major thoroughfares of the City

of Boston. Numerous public transportation options are also just steps away.

Josh Friedman, President and CEO of ProMed, stated, “This transaction is consistent with our strategy

of acquiring properties near best-in-class hospitals and medical universities in strong urban locations.

We are thrilled to enter the Boston market and are actively looking to expand our Northeast portfolio.”

Roni Soffer, President of Gazit-Globe and Executive Chairman of ProMed, stated, “The healthcare real

estate market in North America continues to enjoy strong demand for medical and research space as

healthcare expenditures continue to grow and life expectancy increases. The medical office building

platform is one of Gazit-Globe’s growth engines and the recent acquisitions by ProMed promote our

long-term strategy of becoming a leading owner and operator in this sector.”

ProMed financed the acquisition with available cash and the assumption of the existing loans of

approximately $93 million.

About ProMed Properties

ProMed Properties is a wholly owned subsidiary of Gazit-Globe. ProMed Properties is engaged in the acquisition and

management of medical office and medical-research buildings in growing metropolitan areas of the United States. The

company’s primary investment objective is the creation of value through long-term maximization of cash flows and capital

appreciation from its real estate investments. ProMed Properties owns and operates approximately 1.4 million square feet of

medical office and medical-research buildings, and two multi-story parking garages. www.promedproperties.com

For additional information, please contact Josh Friedman, President and CEO of ProMed, (305) 947-8800,

jfriedman@gazitgroup.com

About Gazit-Globe

Gazit-Globe is one of the world’s leading multinational real estate companies engaged in the acquisition, development and

management of income-producing properties. The company focuses on necessity-driven real estate, primarily supermarketanchored

shopping centers in urban growth markets with high barriers to entry and attractive demographics. In addition, the

company is active in the healthcare real estate sector, owning and operating medical office buildings and senior housing

communities in North America. Gazit-Globe is listed on the Tel Aviv Stock Exchange (TASE: GLOB) and is included in the

TA-25 and the Real-Estate 15 indices. As of March 31, 2011, the company had an equity market capitalization of about

US$2 billion. The Group operates in more than 20 countries, owns and manages over 660 properties with a gross leasable

area of approximately 73 million square feet and has a consolidated total asset value of approximately US$18 billion and a

gross annualized income of approximately US$1.75 billion. www.gazit-globe.com

For more information, please contact Gazit-Globe’s Investor Relations Department at +972 3 694 8000, IR@gazitgroup.com

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