On January 8, AEI Capital Corporation announced that it made its first acquisition of 2025 with the purchase of a Chicago, Illinois medical outpatient building (MOB). The purchase price is $7.51 million.
The MOB encompasses 25,000 square feet. The property is leased by an affiliate of Advocate Health, a not-for-profit healthcare organization that includes hospitals, standalone emergency departments, behavioral health services, skilled nursing facilities, rehabilitation services and urgent care centers throughout the greater Chicago MSA. The price of the MOB totals $300 per square foot.
AEI brings decades of net lease property ownership expertise to the creation and management of AEI investment offerings. Investment goals and objectives are to provide consistent income from contractual rents, lower volatility and risk than market investments and capital preservation through property appreciation.
According to data in the LevinPro HC database, this transaction represents the third MOB deal of 2025. It is also the first MOB transaction based in Illinois for the year. In 2024, 212 MOB deals were reported, including nine in Illinois.
