CBRE Investment Management Acquires Tenet Equity for $1.6 Billion
CBRE Investment Management has acquired Cerberus Capital's net lease REIT, Tenet Equity, in a $1.6 billion deal announced on September 9, 2026. The acquisition includes properties totaling 12 million square feet across the U.S., with CBRE planning to expand its investment strategy in this sector. Tenet Equity is focused on middle-market tenants and operates in 39 states housing over 65 tenants. CBRE IM highlighted a significant opportunity within the fragmented net lease market, estimating trillions of dollars worth of corporate-owned real estate remain untapped by institutional investors. The transaction was advised by Truist Securities for CBRE and Evercore for Cerberus. In related news, J.P. Morgan announced raising $1.1 billion—exceeding its target—for a net lease fund focused on industrial and outdoor storage assets.
Topics: CBRE Cerberus Capital Management investment strategy net leases real estate