Cerberus Capital Sells Tenet Equity to CBRE Investment Management for $1.6 Billion
Cerberus Capital has sold its stake in Tenet Equity to CBRE Investment Management for $1.6 billion, marking a significant exit from the net lease investment platform it co-founded with management in 2021. Over five years, Tenet grew into a leading provider of triple net lease financing across multiple industries and states, managing over 200 properties totaling approximately 12 million square feet. Cerberus highlighted its role in scaling the company through strategic capital deployment and collaboration with experienced leadership. CBRE is acquiring the stake on behalf of several investment strategies, signaling confidence in Tenet's market position and growth potential. The transaction underscores continued investor interest in net lease assets that bridge corporate credit and real estate markets. Evercore served as financial advisor to Cerberus while Kirkland & Ellis provided legal counsel for the deal.
Topics: M&A Net Lease Financing Private Equity Real Estate Investment Trusts (REITs)