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Atlanta & Southeast  + Georgia  + Office  | 

Invesco, Caddis Form $1B MOB JV

Atlanta-based Invesco Real Estate and Dallas-based Caddis formed a strategic joint venture to take advantage of the strong medical office building market. Invesco made a significant equity commitment for investment in future MOB acquisitions through a joint venture formed with the Caddis Acquisition Fund I that is sponsored by Caddis.

The plan is to combine Invesco’s commitment with equity provided by Caddis Acquisition Fund I to allow the joint venture to acquire up to $1 billion in core and core-plus healthcare real estate assets across the country during the next three to five years. Invesco is investing on behalf of its direct investment program.

When the fund first closed last November, a simultaneous contribution to the joint venture enabled the partnership to acquire a $111-million 12-asset portfolio across “sunbelt” markets. Subsequently, the partnership has acquired three additional MOBs for $56 million, bringing the four-state portfolio to 15 medical real estate assets.

*Pictured Prairie View Medical Plaza in Dallas suburb of Flower Mound, TX

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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