Cerberus Capital Management (together with its affiliates), a global alternative investment firm with established corporate credit and real estate platforms, announced that certain funds and accounts have sold Tenet Equity to CBRE Investment Management, which is making its investment on behalf of several of its investment strategies, for $1.6 billion.
Cerberus founded Tenet in 2021 alongside executive partners Nick Eggert and Andrew Gallagher, assembling a management team and scaling the company into a market-leading provider of triple-net lease financing to middle-market companies and financial sponsors across the United States. Over the past five years, Tenet experienced tremendous growth and established an outstanding reputation as a trusted capital partner, valued for the speed, certainty and creativity it brings to complex transactions. Tenet’s current portfolio includes more than 200 properties totaling approximately 12 million square feet across 39 states, 26 industr
