Bain Capital, Phase 3 JV Lands $484M for San Francisco Life Science Campus, GENESIS Marina

1/13/2025

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CPE

• Subcategory: Capital Markets: Debt, Office: Suburban

• Tag: Closing

• Additional Filters-Subcategory: Capital Markets: Credit Facility, Capital Markets: Debt-Refinance, Medical: Life Sciences-Laboratory, Office: Midrise

• Company: Jones Lang LaSalle (NYSE: JLL), Brookfield Asset Management, Bain Capital (NYSE: BCSF)

Genesis, a joint venture between Bain Capital Real Estate and Phase 3 Real Estate Partners Inc., has obtained $484 million to refinance GENESIS Marina, a three-building life science complex totaling 566,661 square feet in Brisbane, Calif. Brookfield’s Real Estate Credit group originated the loan, in a deal arranged by JLL Capital Markets.