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Investors - JUNE 30, 2023

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Sendero Capital, Angelo Gordon launch $300m outpatient healthcare real estate JV

by Andrea Zander

Sendero Capital and Angelo Gordon have formed a programmatic joint venture that will allow up to $300 million in investments in outpatient healthcare real estate during 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 – a region with high barriers to entry, strong growth, and one of the largest concentrations of healthcare businesses in the United States.

“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.”

Frank Virga, director, U.S. real estate at Angelo Gordon, added, “Demand for outpatient healthcare facil

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