FAIRFAX, Va. – As medical office building (MOB) transactions go, some involve fully occupied, stabilized assets that for the most part require the new owner to simply collect the rents. Other deals, however, involve the acquisitions of value-add facilities that require plenty of TLC to bring them up to snuff and strong leasing efforts to fill vacant space.
While White Plains, N.Y.-based Seavest Healthcare Properties LLC has a history of acquiring both types, it recently reported that it has had plenty of success with a value-add facility it acquired for $21.13 million in 2013 in Fairfax, Va., on the outskirts of the Washington, D.C., area.
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