New York – September 12, 2026 -- Cerberus Capital Management has sold its equity stake in Tenet Equity to CBRE Investment Management for $1.6 billion, exiting a net lease platform it built from scratch five years ago.

Tenet's portfolio spans 200 properties across 39 states

The company's holdings total approximately 12 million square feet across 26 industries and more than 65 tenants. CBRE Investment Management is acquiring the stake on behalf of several of its investment strategies.