Catalyst Healthcare Real Estate and Bain Capital Real Estate Break Ground on 60,000 Square Foot Medical Office Building in Laurel Maryland
Pensacola, FL, June 13, 2022 – Catalyst Healthcare Real Estate ("Catalyst”), a national, full-service healthcare real estate investment firm and Bain Capital Real Estate, the real estate investing business of Bain Capital, today announced the groundbreaking of a 60,000 square foot multi-tenant medical office building (MOB)in Laurel, Maryland.
The University of Maryland Medical System purchased Laurel Regional Hospital and its 42-acre campus from Prince George’s County in 2017 and selected Catalyst to redevelop the medical campus. Through the selection process, Catalyst proposed placemaking, an innovative approach to designing and managing a hospital and/or MOB space whereby the spaces promote the health and well-being of a community. This MOB is the first phase of the master plan which will include the development of 11 buildings, community focused retail, restaurants, and green space.
“Catalyst is grateful for the opportunity to partner with the University of Maryland Capital Region Health,” said Anthony Lampasona, Chief Development Officer of Catalyst. “This MOB is creating the foundation for a vibrant healthy-living campus within the community. This is only the beginning of providing quality care for patients in Laurel and the surrounding communities.”
The property is connected to the University of Maryland Capital Region Health Hospital by an enclosed skyway. The facility will offer a wide range of outpatient services, including: Family Medicine, Health & Wellness, Imaging, Internal Medicine, Oncology, Orthopedics, Pharmacy, Physical Therapy, Vascular, OB/GYN, and Dialysis.
“This best-in-class MOB is being developed to meet the changing needs of healthcare and will enable medical professionals to set the standard for patient care,” said Beth Thomas, a Managing Director at Bain Capital Real Estate. “We are excited to bring this high-quality facility to the Laurel community.”
About Catalyst Healthcare Real Estate
Catalyst is a national, full-service healthcare real estate investment firm. Our platform of integrated real estate deliverables is specifically designed for the ever-evolving landscape of healthcare. Our team seeks to positively impact healthcare with strategic investment in development, acquisition, and strategy services. For more information, please visit catalysthre.com.
About Bain Capital Real Estate
Bain Capital Real Estate was formed in 2018 and pursues investments in often hard-to-access sectors underpinned by enduring secular trends that drive long-term demand growth for real estate assets and services. The Bain Capital Real Estate team has been executing its strategy since 2010 (formerly as a part of Harvard Management Company), having invested over $6.1 billion of equity in more than 500 assets across multiple sectors. Bain Capital Real Estate focuses on small to mid-sized assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements. Bain Capital Real Estate’s strategy aligns with the value-added investment approach that Bain Capital pioneered and leverages the firm’s global platform and significant experience across asset classes to further bolster its insights and sourcing capabilities. For more information, visit https://www.baincapital.com/businesses/real-estate.