LOS ANGELES—Hertz Investment Group has purchased a six-property class-A office portfolio for $417.4 million from Equity Commonwealth. The purchase is the company’s largest to date. The portfolio totals more than 3 million square feet of office space and all of the properties are in the Southeast region of the US.

“This portfolio is right down the fairway of what we do,” Jim Ingram, EVP and CIO of Hertz Investment Group, tells GlobeSt.com. “We are not interested in investing in the larger markets. We like the small- to medium-sized CBD markets, so we are never going to invest in New York or Chicago or Boston. If you track what we have done historically and then look at this portfolio, it is spot on for what we do. Not only do you have great real estate, but you have a great rent roll in each of these assets.”

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