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CBRE Investment Management Buys Tenet Equity for $1.6B and Plans More Net Lease Investments

CBRE Group logoCBRE Group
Sig3.53Sen+3.80Env0.00Soc0.00Gov0.00

CBRE Investment Management acquired Cerberus Capital Management’s Tenet Equity business for $1.6B, adding a $12M SF net-lease portfolio across the U.S. with more than 65 tenants in 39 states. Akash Shivashankara will lead a new strategy to further invest in net lease properties, reflecting CBRE IM’s view of opportunity in a fragmented market.

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