New MOB fund starts with eight properties, expects to invest $125M in 2021
By John B. Mugford
From somewhat humble beginnings back in the late 1980s, Minneapolis-based Davis became, over time, the most prominent and well-known healthcare real estate (HRE) developer, owner and property manager in the Greater Twin Cities of Minneapolis and St. Paul.
Over the years, the firm founded by Mark Davis continued to grow — developing, acquiring and providing property management services for scores upon scores of medical properties throughout the state and region. Today, the firm has a national platform and has developed, acquired or managed healthcare properties totaling more than $2 billion in value.
The past five years have been especially busy for the firm, as it has developed 31 “Class A” MOBs totaling more than $300 million in development costs and completed 43 investment transactions topping $700 million.
As part of its ongoing evolution and growth as a full-service, national HRE firm, Davis announced today that it has launched a new medical real estate investment fund to make acquisitions throughout the country and to allow it to be “more nimble and flexible in making acquisitions moving forward,” Mr. Davis tells HREI™.
Investors in the new Davis Medical Investors Fund are
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