Medical office sales in 2018 remained vibrant as cyclical real estate investment trends drove investor interest to stable income-producing properties such as healthcare with strong and long-dated tenancy. 2018 activity reinforced the acceptance of medical office coming out of the shadows of alternative investments.
SAN DIEGO– For the fourth straight year, medical office building (MOB) sales in 2018 topped $11 billion, providing another indication that the sector continues to garner strong demand from a wide and ever-growing number of investors and investor types.
2019 is expected to be a big year in terms of hospital project completions and the Sutter CPMC campus on Van Ness and Geary in San Francisco, opening Saturday, March 2nd, is one of the largest deliveries.
Attendees of this year’s Revista Medical Real Estate Investment Forum (MREIF) in San Diego received take home data briefs as a part of their attendance. One such brief profiled several interesting insights regarding transaction activity
It is now focused, he said, on investing in healthcare facilities that are “modern, efficient, technologically advanced and sensitive to the environment.”
Welltower does remain committed to the post-acute sector, Mr. DeRosa said in San Francisco, adding that it plans to help “redefine” that industry. It has, in fact, acquired billions of dollars of the property type in the last year or so.
Carmel, Indiana, located in the northern suburbs of Indianapolis, has become a hot target of healthcare providers and associated real estate developers over the past few years. Revista is tracking several in progress and planned medical real estate developments sponsored by difference providers and developers.