Caddis closes first investment fund to acquire medical office buildings

Caddis, a national real estate development, management and investment firm focused exclusively on healthcare real estate, has closed its first investment fund to acquire fixed-income core medical office building (MOB) assets across the country.

Officials at the national healthcare real estate firm launched the fund Nov. 21, 2017, by consolidating 12 MOBs previously owned by affiliates of the firm for a total of $111 million. The firm is on target to close on three additional MOBs for $56 million into the fund by year-end.

“This new fund is part of Caddis’ overall strategy of focusing on long-term ownership and capitalizing on the many opportunities available in the strong medical office building market,” said Jason Signor, Caddis CEO. “The fund will pursue a low leverage strategy targeting a 55 percent loan to value average. This new investment vehicle enables Caddis to purchase assets all-cash and to acquire debt at a later date.”

Signor said the firm