Industry Pulse: More details emerge on CBRE Global Investors’ massive medical office portfolio acquisition

The eight-story, 264,000 square foot Piedmont West Medical Office Park in Atlanta was the largest asset acquired in the recently announced medical office building portfolio acquisition by CBRE Global Investment Partners. (Photo courtesy of Cooper Carry)

LOS ANGELES — More details have emerged in the large medical office building (MOB) portfolio acquisition that was announced Aug. 16 by Los Angeles-based CBRE Global Investment Partners (CBRE GIP), an independently operated affiliate of CBRE Group Inc. (NYSE: CBG). (CBRE GIP invests on behalf of its clients, not for any CBRE entity, and it operates independently of the CBRE real estate brokerage.)

Although the original announcement said CBRE GIP’s first investment in the MOB space included 25 buildings totaling 1.4 million square feet, transaction details that have now been posted by Real Capital Analytics Inc. (RCA) indicate that the deal included 27 properties totaling about 1.45 million square feet. RCA has also provided a detailed list of the 27 assets in the portfolio.
Although the original announcement said the portfolio included 25 buildings totaling 1.4 million square feet, transaction details that have now been posted by Real Capital Analytics Inc. (RCA) indicate that the deal included 27 properties totaling about 1.45 million square feet. RCA has also provided a list of the 27 assets in the portfolio, the largest of which include the eight-story, 264,000 square foot Piedmont West Medical Office Park in Atlanta (pictured) and the three-story, 129,151 square foot Terrace Park Medical Center in Lawrenceville, Ga.
For more information, please visit RCAnalytics.com (subscription required).

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