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CBRE GIP Takes 95% Stake in 10-State, 25-Property MOB Portfolio
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CBRE Global Investment Partners (GIP) acquired a 95% interest in a 25-building U.S. medical office portfolio for reportedly between $510 million and $590 million. The investment was made on behalf of GIP clients, and marks an expansion of GIP’s investment into the MOB sector.
The seller was a venture between Kayne Anderson Real Estate Advisors and MB Real Estate Healthcare, which will continue to operate the portfolio and hold a 5% ownership.
The roughly 95%-occupied portfolio includes assets across 10 states, with key concentrations in Atlanta and Chicago totaling 1.4 million square feet and a 150,000-square-foot development. The assets include a broad geographic exposure, with a mix of both off-campus and on/near-campus locations. Tenants include national and regional healthcare systems, along with high-quality specialists.
Evercore acted as financial advisor to KAREA/MBRE Healthcare, and CBRE Healthcare Capital Markets Group’s Lee Asher and Chris Bodnar advised on the transaction.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
