Home Real Estate Ex-Forest City execs launch medical-focused venture

Ex-Forest City execs launch medical-focused venture


Take three senior executives from the former Forest City Realty Trust Inc. of Cleveland.

Combine with another principal with six years of experience in alternative investments as a portfolio manager at the big wealth manager Ancora, based in Mayfield Heights.

Mix with the go-go market for private equity in real estate. The result: Provider Real Estate Partners LLC, which has started raising a $100 million fund to invest in medical office buildings.

That’s the recipe outlined by Joseph Boehm IV, the Ancora alum and Provider managing partner who serves as the firm’s spokesman.

Longtime watchers of the former Forest City, now history after being absorbed by Toronto-based Brookfield Asset Management in 2018, will recognize the names.

They are co-founders Bob O’Brien, formerly Forest City’s chief financial officer, and Joseph Boehm III, formerly an executive vice president of retail leasing. (The Boehms are father and son.) Provider’s chief operations officer…

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