Nevada PERS Nears $62.2MM Acquisition of 62,500 SQFT 1400 Veterans Medical Office Building in Redwood City

A Nevada public pension fund is closing on a Peninsula medical office building as part of an all-cash push to double its real estate allocation, wagering that healthcare tenancy will hold its value where traditional office has cratered. The Nevada Public Employees Retirement System is nearing a close on the $62.2…