ANNAPOLIS, Md.–(BUSINESS WIRE)–Jan 11, 2022–
Thomas Park Investments today announced a joint venture with Chevy Chase, Maryland-based private equity firm Artemis Real Estate Partners to acquire a $500 million portfolio of healthcare real estate.
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As part of its joint venture with Artemis Real Estate Partners, Thomas Park Investments purchased 910 Frederick Road in Baltimore, Maryland. It’s one of three medical office buildings acquired to seed the joint venture’s planned $500 million MOB portfolio. (Photo: Business Wire)
“We’re excited to work with a best-in-class equity partner that shares an aligned vision on medical office real estate,” says EJ Rumpke, Thomas Park’s chief executive officer. “Our initial portfolio acquisitions with Artemis are the starting point for building a first-class portfolio along the East Coast.”
The programmatic venture will seek core plus medical office buildings throughout the mid-Atlantic and Northeast. The venture kicked off with the $40 million acquisition of medical office real estate across three buildings in dense, affluent areas with positive demographic outlooks:
- Baltimore, Maryland ( 910 Frederick Road ) – A fully leased 31,000-square-foot medical office building…
