• .

Transactions: Seavest acquires MOB in ‘revitalized’ area of Los Angeles

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.

The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE

Existing Users Log In