Transactions: Seavest makes buys in Alabama, Conn.

ACQUISITIONS MARK THE FIRST FOR COMPANY SINCE 2008; MORE ARE IN PIPELINE

By John Mugford

On the surface, it might have looked as if White Plains, N.Y.-based Seavest Inc. laid low during the throes of the recession and the constrained capital market, waiting for better times and more opportunities to invest in medical office building (MOB) acquisitions and developments.

However, that’s just not the case, according to the private equity firm that acquires and partners with others in the development of MOBs and healthcare facilities.

“We actually had plenty of capital available and had access to debt and were one of the few players being very aggressive in pursuing deals over the last couple of years,” says Jonathan L. “John” Winer, executive VP with Seavest. “In several deals, we were close to closing, were ready to

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