CPPIB buys stake in medical office buildings in California: Reuters
The Canada Pension Plan Investment Board (CPPIB) has formed a joint venture with Health Care REIT Inc (HCN.N), which operates senior housing centres in the United States, to hold a portfolio of medical office buildings in Southern California, Reuters reported. CPPIB will own a 45 percent stake in the joint venture. The portfolio, valued at US$449 million, consists of medical office buildings in and around Beverly Hills, San Diego and Los Angeles.
4 August 2015•1 min read
