New York (September 30, 2026) – BGO, a leading global real estate investment manager, today announced the acquisition of a 100% leased, 11-property portfolio of Class A ambulatory surgery centers totaling approximately 223,000 square feet across nine U.S. markets on behalf of BGO’s U.S. Core Strategy. BGO acquired the portfolio from a joint venture of Flagship Healthcare Properties and AEW Capital Management, expanding its healthcare real estate portfolio with a geographically diversified collection of purpose-built outpatient surgical facilities.

The portfolio spans the Dallas-Fort Worth, Chicago, St. Louis, Nashville, Lakeland-Winter Haven, Columbia, Huntsville, Kalamazoo-Portage and Prescott markets. The assets include surgery centers with established affiliations with major health systems in their respective markets, as well as relationships with national ambulatory surgery center operators, combining local healthcare relationships with experienced operating platforms. The facilities feature specialized surgical infrastructure designed to accommodate a broad range of outpatient procedures. Clinical specialties represented across the portfolio include ophthalmology, orthopedics, gastroenterology, ENT, podiatry, plastic and reconstructive surgery, pain management, urology and endoscopy, among others.

“We have strong conviction in ambulatory surgery centers as an increasingly important part of the U.S. healthcare delivery system, and we’re pleased to add a portfolio of this scale and geographic breadth to our U.S. Core Strategy,” said Michael Keating, Managing Partner, BGO. “Transactions of this complexity require a high degree of coordination, and we’re grateful to the teams involved for helping us execute on behalf of our clients. We also appreciate the work Flagship Healthcare Properties and AEW Capital Management have done to assemble and steward these assets, and we look forward to working closely with Flagship as it continues to manage the properties on our behalf.”

The acquisition reflects BGO’s continued conviction in healthcare real estate supporting the evolution of care delivery toward outpatient settings. The portfolio consists of purpose-built ambulatory surgery centers with specialized infrastructure supporting a broad range of same-day surgical procedures.

Flagship Healthcare Properties will continue to provide third-party property management services across all 11 properties. Flagship has managed the assets under the prior ownership, providing continuity for the portfolio following the acquisition.

Chris Bodnar, Brannan Knott, Zack Holderman, Anthony Sardo, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets acted as the exclusive advisors to the seller. Goodwin Procter LLP served as legal counsel to BGO.

"This is a rare, institutional-quality ASC portfolio offering superior rent coverage ratios and elite health system partnerships," said Knott, Executive Vice President with CBRE’s U.S. Healthcare Capital Markets practice. "With 45% of the assets located in Top 20 MSAs, coupled with the ongoing regulatory shift of complex procedures by CMS to the outpatient setting, this portfolio is perfectly positioned to outperform the broader industry."

About BGO

BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients, and had, together with Bell Partners Inc., which was acquired by Sun Life and combined with BGO on July 2, 2026, approximately US$100 billion of assets under management (as of June 30, 2026) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in more than 25 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.

For more information, please visit www.bgo.com

About Flagship Healthcare Properties

Flagship Healthcare Properties, LLC (Flagship) is a fully-integrated outpatient healthcare real estate firm serving clients throughout the United States. Flagship offers a full range of real estate services, including acquisitions, development, leasing and brokerage, as well as facilities, property and asset management. Flagship manages approximately 8.95 million square feet of healthcare real estate in more than 435 properties serving more than 815 tenants. Flagship serves as the manager of its private REIT, Flagship Healthcare Trust, Inc. For further information, visit www.FlagshipHP.com.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.

Media Contact

Rahim Ladha
Global Head of Communications, BGO
media@bgo.com