American Nurses Association
$14.5M
Financed via TI Lease
as Landlord
12-yr
Fully amortizing TI Lease
Summary
Brookfield Properties engaged TI Solutions to provide tenant improvement financing for the American Nurses Association (ANA) at Silver Spring Metro Plaza in Silver Spring, Maryland. The transaction involved a 50,000-square-foot office lease for ANA’s new headquarters, designed to create a modern, collaborative workspace and support its post-pandemic return-to-office strategy.
At the time, the property was under significant financial pressure and faced the possibility of being placed into receivership if the ANA transaction did not proceed. When Brookfield’s lender declined to fund the tenant improvement allowance late in the process, TI Solutions stepped in to deliver a complete capital solution that allowed the lease to move forward and the building to stabilize.
TI Solutions provided a $14.5 million, 12-year fully amortizing TI Lease that funded both the tenant improvement allowance and ANA’s additional capital expenditures, ensuring timely delivery of the space and preservation of the property’s occupancy and value.
Approach
Structured a 12-year, fully amortizing TI Lease totaling $14.5 million to finance the full turnkey build-out, including both Brookfield’s and ANA’s capital components.
Delivered certainty of execution by responding immediately to Brookfield’s request and providing early assurance that the deal could be completed within the required timeline.
Managed a complex credit process to underwrite a non-profit tenant while maintaining favorable terms and consistency with institutional credit standards.
Coordinated closely with Brookfield Properties, the American Nurses Association, and Cushman & Wakefield (tenant representative and TI Solutions’ strategic partner) to align structure, documentation, and delivery.
Ensured the financing met both parties’ operational and financial objectives while enabling ANA’s transition into a modern headquarters supporting its workforce and mission.
Results
Preserved a 50,000-square-foot headquarters lease, preventing potential loss of tenancy and averting receivership risk for the property.
Funded 100% of the $14.5 million project cost, bridging the gap created by the withdrawn lender and securing long-term asset stability.
Delivered non-recourse capital to Brookfield, allowing the landlord to retain ANA as a tenant without deploying internal funds.
Enabled ANA to establish a modern, collaborative workspace that reflects its values and supports post-COVID workplace engagement.
Reinforced TIS’s position as a trusted capital partner capable of stabilizing challenged assets through innovative, relationship-driven financing.
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