Cerberus Capital Management has sold Tenet Equity, a net-lease real estate firm it founded five years ago, to CBRE Investment Management for $1.6 billion. The deal capitalizes on the growing demand for net-lease properties, where tenants cover expenses like maintenance and taxes. Tenet holds over 200 properties across the U.S. CBRE is executing the acquisition on behalf of multiple investment strategies, as announced in a statement Tuesday.