Kyle O'Connor, president and founder of MLL Capital, only seeksspecific types of deals.
"We invest in a fairly narrow type of property, which is medicaloffice, life science and laboratory properties," O'Connor says."Without a lot of creativity, the reason why we named the companyMLL is because of the property types that we focus on." Usually,medical, laboratory and life sciences are recession-resistantsectors. But the COVID-19-inspired economic shock has forcedfurloughs and layoffs in medical offices. Those issues are causingproblems in the transaction market. "Transactions are moredifficult to do," O'Connor says.
MLL was still recently able to acquire a 63,067-square-footmedical office building in the Ravenswood neighborhood on Chicago'sNorth Side.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
