Thomas Park Investments launches a joint venture with Artemis Real Estate Partners

ANNAPOLIS, Maryland – (COMMERCIAL THREAD) – Thomas Park Investments today announced a joint venture with Chevy Chase, Maryland-based private equity firm, Artemis Real Estate Partners, to acquire a $ 500 million healthcare real estate portfolio.

“We are delighted to be working with a premier financial partner who shares a vision aligned with physician practice real estate,” said EJ Rumpke, CEO of Thomas Park. “Our initial portfolio acquisitions with Artemis are the starting point for building a first-class portfolio along the East Coast. ”

The programmatic firm will be looking for basic medical office buildings in the mid-Atlantic and northeast. The company started with the $ 40 million acquisition of medical office buildings in three buildings located in dense, affluent areas with positive demographic prospects:

  • Baltimore, Maryland (910 Frederick Road) – A 31,000 square foot fully leased medical office building occupied by Orthopedic Associates of Central Maryland. Thomas Park identified this off-market sale-leaseback.
  • Colombia, Maryland (10840 Little Patuxent Parkway) – Johns Hopkins Medical Imaging anchors this 31,000 square foot fully leased medical office building. Thomas Park bought this off-market asset.
  • Princeton, New Jersey (800 Bunn Drive) – A 30,000 square foot multi-tenant medical office building 100% leased with Princeton Interventional Cardiology, Schweiger Dermatology Group and Women’s Healthcare of Princeton to anchor the building.

“We value Thomas Park’s unique experience and relationships in healthcare real estate,” says Michael Vu, Director of Artemis. “We look forward to capitalizing on their ability to deliver off-market opportunities at a very competitive time and rapidly grow our partnership. ”

“The physician office market has been resilient throughout the pandemic and will grow as healthcare continues to move away from inpatient care,” said Alex Kopicki, director of investments at Thomas Park. “The partnership with Artemis allows us to remain competitive despite increased competition for investment opportunities in the space. ”

About Thomas Park Investments

Focused exclusively on healthcare real estate, Thomas Park Investments is the fastest growing private equity real estate company in its specialty in the mid-Atlantic. Founded in 2019, TPI’s management offers more than 25 years of experience in commercial real estate and manages nearly 500,000 square feet of medical office capacity. The Annapolis, Md.-Based company is set to close $ 150 million in medical office property acquisitions in 2022. For more, visit

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