Mindy Berman BOSTON, MA, Jun. 29, 2023 – JLL Capital Markets announced today it arranged a programmatic joint venture between Sendero Capital and Angelo Gordon, which will allow for up to $300 million in investments in outpatient healthcare real estate over the next two years.
The Sendero Capital and Angelo Gordon venture
will focus on value-add and core plus outpatient medical office and surgery
center assets throughout the Northeast United States – a region with high
barriers to entry, strong growth, and one of the largest concentrations of
healthcare businesses in the U.S.
 |
| Brannan Knott |
“The formation of this strategic venture will
enhance our continued partnership with health systems, physician groups, and
other healthcare providers, as patient care continues to migrate off
campus," said Ross Negele, Principal at Sendero Capital.
"Our extensive healthcare background and targeted approach
delivers a differentiated experience for our patients and providers.”
 |
| Andrew Gray |
"We look forward to working with the Sendero Capital team to execute on acquisition opportunities in this space – leveraging their wealth of healthcare industry expertise and Angelo Gordon’s deep value-add real estate experience to identify and enhance well-located facilities throughout the Northeast.”
According to JLL’s 2023 Healthcare Investor Survey & Trends Outlook,
medical office building (“MOB”) fundamentals remain strong, with resilient
occupancy and steady rent and NOI growth. 66% of investors surveyed indicated
MOBs present a strong investment opportunity – followed by ambulatory surgery
centers – highlighting a shift in demand for outpatient care versus in-patient
facilities.
 |
| Landon Weaver |
Added Michael Taylor, Managing Principal at Sendero Capital: “The current economic environment, macro tends in healthcare, and the continued demand for outpatient services are the primary drivers for this investment thesis.
"The venture with Angelo Gordon aligns us with a highly
respected institutional partner, who shares our vision for this initiative.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
 |
| Ross Negele |
The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos, and research resources, please visit JLL’s newsroom.
About Sendero
Capital
Sendero Capital
is a privately held real estate investment, development and advisory firm based
in Boston, MA. The principals of the firm have decades of experience
investing in, developing, and managing large portfolios of real estate across
the United States, including millions of square feet in the healthcare sector.
.jpg) |
| Frank Virga |
Angelo Gordon is a leading alternative investment firm founded in November 1988. The firm currently manages approximately $73 billion* with a primary focus on credit and real estate strategies.
Angelo Gordon has over 650 employees, including more
than 200 investment professionals, and is headquartered in New York, with
associated offices elsewhere in the U.S., Europe, and Asia.
CONTACT:
Kristen Murphy
Director, Public Relations, Americas
JLL
One Post Office Square, Suite 1100
Boston, MA 02109
T +1 617 848 1572
M +1 617 543 4873
No comments:
Post a Comment