Parkway Life REIT property, Parkway East Hospital. (Photo: Google Maps)

New York-based investment management company, Cohen & Steers, has increased its stake in Parkway Life REIT by acquiring 1,356,600 units of the security.

Units of the healthcare REIT were acquired on 18 April via an open market transaction.

Cohen & Steers is an investment company that specialises in liquid real estate investments, including securitised real estate, and REITs.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.