Cypress West Boosts MOB Portfolio

Rancho Santa Margarita, CA-based Cypress West Partners acquired Riverwalk Medical Plaza, a 54,923-square-foot campus-adjacent medical office building in Bakersfield, CA. The asset was purchased in a joint venture with Dallas-based MedProperties Holdings LLC.

Riverwalk Medical Plaza is a two-story building built in 2005 and located at 9450-9500 Stockdale Hwy. The property is 94% occupied with major tenants that include: Dignity Health, Quest Diagnostics, Children’s Hospital of Los Angeles (CHOLA), and GEM Physicians Medical Group.

This transaction marks Cypress West’s fifth acquisition with MedProperties. Capital One Healthcare Financial Solutions provided the debt for the transaction, as well as the joint venture’s previous four acquisitions.

This acquisition brings Cypress West’s total portfolio to more than 1.7 million square feet in three major markets in the Southwestern U.S.

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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Cypress West Boosts MOB Portfolio

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National CRE News In Your Inbox.

Cypress West Boosts MOB Portfolio

Inside The Story

About Dennis Kaiser