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
