BEVERLY HILLS-BASED FIRM FINDING SUCCESS WITH VALUE-ADD OPPORTUNITIES
By John Mugford
Archway Holdings acquired this MOB in Beverly Hills in 2008, renovated it, leased it up despite the recession and has probably doubled its value.
Photo courtesy of Archway Holdings Corp.\
Value-add. For many large and active investors looking to acquire medical office buildings these days, the description is often a red flag, a reason to look elsewhere as they scour the market for high-quality, on-campus facilities with stabilized tenant rosters.
However, one company making plenty of waves in the West Coast healthcare real estate market is actually on the lookout for well-located, high-quality MOBs with substantial vacancies that might be in need of upgrades or repositioning.
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