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Investors - JANUARY 12, 2022

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Thomas Park Investments launches JV with Artemis Real Estate Partners

by Andrea Zander

Thomas Park Investments has formed a joint venture with Chevy Chase, Md.–based private equity firm Artemis Real Estate Partners to acquire a $500 million portfolio of healthcare real estate.

“Our initial portfolio acquisitions with Artemis are the starting point for building a first-class portfolio along the East Coast,” said EJ Rumpke, Thomas Park’s CEO.

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, Md. (910 Frederick Road) — A fully leased 31,000-square-foot medical office building occupied by Orthopedic Associates of Central Maryland. Thomas Park identified this sale-leaseback off market. Columbia, Md. (10840 Little Patuxent Parkway) — Johns Hopkins Medica
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