Chiron Real Estate has completed the sale of seven inpatient rehabilitation facilities to a joint venture with a U.S. public pension fund advised by a global real estate investment management firm. The initial portfolio was valued at $217 million, with the investor acquiring an 85% equity interest and Chiron retaining a 15% stake. Chiron will continue managing the joint venture and the assets, earning a management fee. The properties total 456,000 square feet, are fully leased, and have an average remaining lease term of eight years. Proceeds from the transaction will be used to fund Chiron's investment pipeline, including the previously announced Pinnacle North Bethesda acquisition for about $176 million, expected to close on or before October 2026.
Chiron Real Estate Inc.Chiron completed a $217M sale, retains 15% stake and management fees, and will use proceeds for a $176M acquisition.