DETROIT, MI- Some consider Michigan just another Rust Belt basket case. A New York-based investment firm, however, has just announced their second major medical office acquisition in the state since 2011.

It probably won't be their last.

“We believe in the Michigan market and particularly the Detroit suburbs which are benefiting from the rebounding auto industry and other economic development initiatives,” said Jonathan L. Winer, executive vice president of Seavest Healthcare Properties LLC, which, along with KIRCO Health Partners, just bought the 149,000 SF Beaumont Medical Center in suburban Detroit.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.