Suburban office parks are a viable opportunity for conversion for ambulatory healthcare providers, according to JLL.

Despite the opposition from Albert Ratner, Forest City shareholders approved the transaction last month.

The financing will be used to reposition the soon-to-be vacant 478,130-square-foot trophy office building.

Taylor is currently President and COO of Colliers International Group.

The deal is emblematic of the growing footprint co-working is having in DC's office market.

The portfolio consists of 36 skilled nursing facilities and two senior housing communities operated by Senior Care Centers, which just declared bankruptcy.

It is a significant increase from Ares' predecessor fund, which closed at $825 million four years ago.

Companies are increasingly realizing the benefits of freeing up capital via a sale leaseback--a benefit of which private equity is well aware.