DETROIT—Seavest Healthcare Properties LLC has just completed significant upgrades to the Beaumont Medical Center here in suburban West Bloomfield. An official from the White Plains, NY-based firm told GlobeSt.com that they bought the 150,000 square-foot complex in 2013 after recognizing the many positive trends taking place in the state, especially the rebound of the auto industry and the impact this had on the suburban markets.

“We continue to be very active seeking significant investments of facilities that meet the strategic needs of well performing health systems and hospitals,” Seavest senior managing director Jonathan L. Winer said. The company bought Beaumont with its joint venture partner KIRCO Health Partners, a Troy, MI-based firm that managed the renovation and acts as the property's manager.

Seavest has a strategy to buy facilities aligned with large, advanced health networks. The three-story Beaumont, for example, is part of the Beaumont Health System, a group of three area hospitals that leases more than half the building, located at 6900 Orchard Lake Rd., and employs many physicians attached to a nearby medical school and a research institute.