Investment firm pays $43.25M for the first MOB on the MLK Community Hospital campus
By John B. Mugford
Seavest recently acquired the newly opened, two-story, 52,000 square foot MLK Community Hospital MOB at 12021 S. Wilmington Ave. in Los Angeles, on the campus of the 133-bed MLK Community Hospital. (Photo courtesy of Seavest)
On one hand, officers with long-time investment management firm Seavest Healthcare Properties certainly feel a sense of pride that the company now owns a medical office building (MOB) in a once-struggling area of Los Angeles that has been medically underserved for a number of years.
Perhaps more importantly, however, is that as a firm tasked with garnering strong returns for its investors, Seavest officials consider their recent MOB acquisition in the Willowbrook area to be a “very strong investment.”
“This building is very strategic to a successful, growing health system and on a state-of-the-art hospital campus that continues to grow its market share,” says Jonathon L. “John” Winer, the firm’s senior managing director and chief investment officer.
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