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California  + Orange County  + Finance  | 

Cypress West, TPG Angelo Gordon Close MOB Portfolio Financing

A joint venture of Cypress West Partners and TPG Angelo Gordon closed a medical office building portfolio financing and future acquisition credit facility. The financing provided by Capital One Bank, N.A. consisted of financing for an existing portfolio and additional capacity for future acquisitions. Financial terms were not disclosed.

The portfolio includes six Class A medical outpatient facilities totaling 269,000 square feet located in major West Coast markets including Orange County, San Diego and Phoenix. Its properties include assets previously owned by Cypress West and assets acquired by the JV from third parties. The JV is targeting core-plus and value-add returns in properties across the Sunbelt.

Newmark Healthcare Capital Markets advised Cypress West Partners and arranged the credit facility on behalf of the JV.

“This financing closing marks a significant milestone in our strategic partnership with TPG Angelo Gordon,” said Chris Cumella, CEO and co-founder of Cypress West. “We appreciate the commitment from the Newmark and Capital One teams to this important transaction.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing