AXSYS Capital Closes Fund Aimed at Acquiring Midwest MOBs

AXSYS Capital, a Libertyville-based medical property investment firm, has closed its AXSYS Capital Fund I, LP. The fund will focus on acquiring medical office buildings (MOBs) across the Midwest over the next year, including Illinois, Missouri, Ohio and Wisconsin.

“The initial closing of AXSYS Capital Fund I enhances our firm’s capabilities and emphasizes our focus on identifying and capitalizing on properties we consider to be high quality, ‘recession-proof’ assets with stable, creditworthy medical and professional services tenants that we can hold long term,” said David Meggs, Co-Founder & CEO of AXSYS Capital.

The AXSYS Capital Fund I acquired three Midwest properties in the second half of 2023, featuring a mix of medical and professional tenants with long-term leases in place. To date, AXSYS Capital has executed the acquisition, renovation, repositioning and sale of more than 25 transformative commercial and mixed-use properties across the Midwest, totaling more than $74 million.