CBRE brokers reverse monetization on hospital campus in West Hills
By John B. Mugford

UCLA Health acquired three MOBs with a total of 162,554 square feet of space in West Hills, Calif. (Photo courtesy of CBRE)
A significant medical outpatient building (MOB) portfolio deal took place in late December to close out 2024.
According to information from Arnold, Md.-based Revista and its RevistaMed service, which compiles a wide range of healthcare real estate (HRE) sector data, Los Angeles-based UCLA Health acquired three MOBs with a total of 162,554 square feet of space in West Hills, Calif., a city in the far western portion of the San Fernando Valley and about 45 minutes outside of downtown Los Angeles.
The three MOBs are on the campus of UCLA Health’s 260-bed UCLA West Valley Medical Center, which UCLA acquired from Nashville, Tenn.-based HCA Healthcare Inc. (NYSE: HCA) for $289.9 million in March 2024.
With that purchase, the inpatient facility became UCLA Health’s fifth hospital, to go along with about 280 clinic locations. The West Valley facility is about 21 miles north of the system’s flagship, 520-bed UCLA Ronald Reagan Medical Center on the sprawling campus of the University of California at Los Angeles (UCLA) in what is known as the Westwood area of Los Angeles.
The price was
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