AXSYS Capital, a medical property investment firm based in Libertyville, has successfully closed its AXSYS Capital Fund I. The fund will target the acquisition of high-quality medical office buildings (MOBs) throughout the Midwest region over the next year, specifically in Illinois, Missouri, Ohio and Wisconsin.
According to David Meggs, Co-Founder & CEO of AXSYS Capital: “The initial closing of our first fund strengthens our firm’s capabilities and highlights our focus on identifying and capitalizing on recession-proof assets with stable tenants from the medical and professional services industries. Our goal is to hold these properties for long-term growth.”
In 2023 alone, AXSYS Capital Fund I has already acquired three MOBs in various locations across the Midwest. These properties feature a mix of reputable tenants with long-term leases secured. With over $74 million worth of transformative commercial and mixed-use properties acquired through strategic acquisitions since its inception date – Connect CRE reports that this latest development further solidifies AXYSYS’ position as one of today’s leading players within this sector.
