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California  + Orange County  + Healthcare  | 
CBRE IM Fund Invests in Mission Viejo Medical Portfolio

CBRE IM Fund Invests in Mission Viejo Medical Portfolio

CBRE Investment Management, on behalf of a fund it manages and through a JV with Healthcare Realty Trust, has acquired a four-building medical office portfolio in Mission Viejo, CA for an undisclosed price. 

“Medical office is a new strategy for our fund,” said CBRE Investment Management’s Larissa Belova. “Similar to the life science sector, the medical office sector is attractive because the aging population coupled with the pandemic have increased spending on healthcare. Our strategy focuses on assets within thriving hospital systems that create beneficial ecosystems for doctors and patients.”

Located on the campus of a leading acute care hospital, the portfolio, totaling 283,000 square feet, includes Mission Medical Center Building 1-3 and Mission Medical Center Tower. The recently renovated buildings feature ample surface parking, on-site pharmacies, renovated lobbies, gurney-sized elevators, upgraded landscaping and sustainability elements including a new HVAC roof system and LED lights.

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Inside The Story

CBRE Investment ManagementHealthcare Realty TrustLarissa Belova

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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