Exterior of medical office building Terrace Park Medical Center in the Atlanta market, part of a 25-building medical office portfolio CBRE Global Investment Partners has acquired.

LOS ANGELES—CBRE Global Investment Partners (GIP) said Wednesday it had taken a 95% stake in a 25-building medical office portfolio from a venture of Kayne Anderson Real Estate Advisors and MB Real Estate Healthcare. The purchase price was not disclosed; however, the Wall Street Journal cited estimates ranging between $510 million and $590 million.