CBRE Global Buys 25 Medical Office Buildings
ByCBRE Global Investment Partners has acquired a 95 percent interest in a 10-state, 25-building medical office portfolio from Kayne Anderson Real Estate Advisors and MB Real Estate Healthcare.
“We’ve been investing in what I’ll call the alternative sectors—medical office, student housing, senior housing, storage—for the past few years, and as we’ve gotten to know them better, we’ve continued to like the supply and demand fundamentals,” Matt Tepper, CBRE Global Investors’ managing director, told Commercial Property Executive. “With medical office specifically, with more people requiring health care, it’s a sector we certainly wanted to increase our exposure to.”
The portfolio consists of a total of 1.4 million square feet of space and a 150,000-square-foot development project…
