Companies & People: Caddis launches $150M MOB fund

Mega investment firm Invesco is one of the investors, industry sources say

By John B. Mugford

Caddis recently launched an equity medical office building (MOB) investment fund, which acquired 12 proper-ties owned by company affiliates. The assets included the 33,674 square foot Memorial Hermann Convenient Care Center in Spring, Texas. (Photo courtesy of Caddis)

The medical office building (MOB) sector continues to see a wave of new investors entering, or looking to enter, the space.

Although healthcare real estate (HRE) firm Caddis is hardly a new name in the sector, it has launched an equity investment fund that represents a new strategy for the Dallas-based owner, developer, property manager and owner of healthcare facilities.

As we reported in the December 2017 edition of Healthcare Real Estate Insights™, Caddis announced Dec. 6 that it had closed on its first-ever investment fund to acquire MOBs, with an aim of acquiring fixed-income core assets nationwide.

According to a Delaware limited partnership filing,

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