Seeking further investment in recession-proof real estate, CBRE Investment Management has further expanded its presence in the medical office sector.
One of its managed funds announced this week that it acquired a four-building medical office portfolio totaling 282,683 square feet in Orange County, Calif., through a joint venture with Healthcare Realty Trust.
Larissa Belova, portfolio manager, CBRE Investment Management, said in prepared remarks that, similar to the life science sector, "the medical office sector is attractive because the aging population coupled with the world pandemic have increased spending on healthcare.
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