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Keen on Chicago MOB

Keen on Chicago MOB
Investors might feel "meh" about many suburban office buildings (the American dream of an office building with a white picket fence and 2.5 secretaries is fading), but metro Chicago MOB is still hot. MedProperties Group director-investment management Jesse Ostrow tells us his company is actively building its MOB portfolio in the region, including value-adds.
 
1100 West Central Ave
Recently MedProperties closed on the acquisition of the 63k SF 1100 West Central Ave in Arlington Heights for an undisclosed sum, renaming the Arlington Heights Medical Center. Jesse says that the company's healthcare real estate experience (development and operations) allow it to compete for value-add and opportunistic situations, as opposed to other capital in the sector, which tends to pursue more core assets. MedProperties plans to modernize the property to help retain and attract tenants.
 
Reznick (Investor) MCHI
WASHINGTON DC 06.15.2017

MID-ATLANTIC HEALTHCARE REAL ESTATE FORUM

Development, Leasing, Design and the Impact of Regulatory Reform

Paula Crowley
Anchor Health Properties
Gill Wylie
Johns Hopkins Medical Management Corporation
Charles Weinstein
​Children's National Medical Center