The Canada Pension Plan Investment Board increased its net assets but suffered a slight loss in its latest quarter.

Toronto-based CPPIB said Thursday in its quarterly report that net assets rose to $575 billion from $570 billion in the previous quarter. But its fund experienced a 0.8 per cent loss as gains were offset by higher interest rates and a stronger Canadian dollar relative to its U.S. counterpart.

Among transaction highlights, CPPIB sold its 45-per-cent stake in a Southern California medical-office portfolio for net proceeds of US$100 million. CPPIB and joint-venture partner Health Care REIT, based in Toledo, Ohio, acquired the eight-building portfolio in 2015.

Most of the assets are located within the Golden Triangle district of Beverly Hills with the remainder in San Diego and Los Angeles.

CPPIB said it made its original investments in the JV between 2015 and 2017.