Guaranteed Rate's Shant Banosian, a leading loan officer, joined the board of directors at Healing Realty Trust, a real estate investment firm specializing in healthcare properties. Founded in 2022, the company focuses on healthcare facilities ranging from $1 million to $15 million, covering areas such as behavioral, physical, and mental health care.
With plans to go public next year, Healing Realty Trust aims to expand its portfolio by leveraging Banosian's extensive network of major banks and investors. Joe Caltabiano, CEO of HRT, emphasized Banosian's potential to connect with investors and secure financing, highlighting the company's ongoing $25 million funding round.
"Shant is a powerhouse in the mortgage lending space and has proven his expertise to be a covetable resource in the real estate industry," Caltabiano said. "The breadth of Shant's achievements is a strong testament to his unparalleled dedication to serving both his clients and communities. The knowledge he provides will be incredibly valuable as we strengthen our corporate governance structure in anticipation of several growth opportunities that will shape the future of HRT."
Banosian, who serves as branch manager and senior loan officer at Guaranteed Rate, boasts a track record with over 40,000 closed units and $9 billion in funded loans across his 20-year career. In 2023, he achieved $925 million in loan origination volume.
Banosian becomes the seventh member to join Healing's board, following the recent addition of Jared Chupaila, former CEO of Brookfield Properties' retail real estate division. Caltabiano expressed a desire to enhance the board's composition to resemble that of a public company, with expertise spanning commercial real estate, insurance, and capital markets.
The company's goal is to build a billion-dollar real estate portfolio with high-quality tenants, delivering above-average yields to investors.
It believes that with escalating healthcare costs driving patients to explore novel treatments and an overall growing prioritization of wellness across the U.S., the behavioral health market is projected to be valued at $132.4 billion by 2027.
