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CIT Group Inc. (NYSE: CIT) will release its first quarter 2021 financial results on April 28, 2021, at 8:00 a.m. ET. The earnings release will be available through PR Newswire and on the CIT News website. Following the release, an investor presentation and supplementary financial documents will be posted on CIT's Investor Relations website. For updates, the company disclaims any obligation to amend its earlier releases.
CIT Group Inc. (NYSE: CIT) announced a $15.9 million financing deal for two medical office buildings in Littleton, Colorado, facilitated by its Healthcare Finance unit. The properties, Arapahoe Medical Plaza I and II, span over 98,700 square feet and serve as modern facilities for various healthcare services. Seavest Healthcare Properties, the borrower, praised CIT's expertise in arranging this financing. CIT's Healthcare Finance division focuses on providing tailored financial solutions to middle-market healthcare companies across the U.S.
CIT Group Inc. (NYSE: CIT) announced its Real Estate Finance business acted as the sole lead arranger for a $27 million loan aimed at financing the acquisition of a warehouse and distribution center in Green Cove Springs, Florida. The facility, covering approximately 782,000 square feet with 209,000 square feet dedicated to refrigerated space, will be managed by Parkway Property Investments. The loan reflects strong demand for warehouse space in Southeast Florida, indicating CIT's expertise and agility in meeting financing needs.
CIT Group Inc. (NYSE: CIT) announced the successful arrangement of an $18.5 million loan for the purchase of the Singing River Cancer Center in Florence, Alabama. This acquisition financing was provided to Cypress West Partners, a notable healthcare property manager with a history of collaboration with CIT. The 45,900-square-foot facility, fully leased for oncology and imaging services, enhances Cypress West's healthcare portfolio. CIT's Healthcare Finance division continues to offer tailored financing solutions for middle market healthcare companies.
CIT Group Inc. (NYSE: CIT) has announced financing for a new 730,000-square-foot logistics center in North Las Vegas, Nevada. Construction is set to start in April and is expected to conclude within 12 months. This facility, named SunPoint West, is strategically located near Interstate 15, an area known for its growing logistics sector. CIT's Real Estate Finance division facilitated this financing, highlighting its expertise in commercial real estate. The project reflects an anticipated continued demand for logistics centers in the Greater Las Vegas region, supporting growth in goods distribution.
CIT Group Inc. (NYSE: CIT) announced a $23 million credit facility for Nova Compression, LLC, arranged by CIT Northbridge Credit. This financing will assist Nova in acquiring additional gas compressor equipment, enhancing their service capabilities in Louisiana and Texas. Nova Compression aims to improve customer support and expand its operations significantly. CIT Northbridge Credit supports middle-market companies with flexible asset-based debt solutions, contributing to growth in various industries.
CIT Group Inc. (NYSE: CIT) announced it acted as the sole lead arranger for a $39 million loan to finance a medical office building for Jefferson Health, located near the Philadelphia Navy Yard Corporate Center. The borrower, Norvin Healthcare Properties, specializes in healthcare real estate. This financing demonstrates CIT's expertise in healthcare finance and its commitment to supporting the growth of middle-market healthcare companies. CIT's Healthcare Finance unit offers tailored banking solutions aimed at empowering business growth.
