Cerberus Sells Tenet Equity to CBRE for $1.6 Billion
Cerberus agreed to sell Tenet Equity to CBRE Investment Management for $1.6 billion, with CBRE Group Inc. as the buyer’s parent. CBRE Investment Management plans to expand its net-lease assets to help Tenet scale. The deal follows Cerberus’s broader $72 billion strategy in credit, real estate, and private equity.