Downtown-based Colony Capital Inc. has refinanced $1.725 billion of consolidated debt in its healthcare portfolio, the company said June 13.

The company's prior healthcare loan was set to come due in December.

The new $1.515 billion interest-only loan has a five-year term.

Healthcare real estate investment trust Ventas Inc. is investing $490 million in Colony as part of the refinance.

“With the vast majority of our healthcare maturities addressed, we can dedicate our focus on operations and strategy to maximize value within our healthcare portfolio,” Thomas J. Barrack, Jr., the group’s chief executive and executive chairman, said in a statement.

For reprint and licensing requests for this article, CLICK HERE.