Temerity and Rethink launch healthcare real estate partnership

Temerity Strategic Partners and Rethink Healthcare Real Estate announced a partnership supporting medical office and outpatient healthcare properties nationwide. The venture targets acquisitions and development of health-system-linked facilities, including outpatient buildings, diagnostic and treatment facilities, micro-hospitals, emergency locations, and inpatient rehabilitation properties. The partners acquired an initial portfolio with a gross value exceeding $200 million. The approximately $1.5 billion prospective property program is distinct from that seed portfolio and from TSP's undisclosed equity commitment. Blackbirch Capital advised Rethink in arranging the venture. Rethink provides acquisition, development, asset-management, and property-management capabilities. Its platform is part of Rethink Capital Partners, rather than an independent TSP business.