Cypress West, TPG Angelo Gordon JV closes medical office portfolio credit facility, target additional assets across sunbelt

Cypress West Partners in joint venture with TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, has closed on a medical office portfolio financing and future acquisition credit facility. 

The financing provided by Capital One Bank, N.A., consisted of financing for an existing portfolio and additional capacity for future acquisitions.   

The portfolio consists of six class A medical outpatient facilities totaling 269,000 square feet located in major West Coast markets including Orange County, San Diego and Phoenix. The portfolio properties include assets previously owned by Cypress West as well as assets acquired by the joint venture from third parties.