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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


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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