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    The MOB Scene

    Articles and blogs on medical real estate, as well as insights into Revista data

  • January 22, 2020
    Hilda Martin

    2019 MOB Starts Trend Toward Large, Multi-Specialty Outpatient Centers

    Last year 77 medical office projects started that will be over 100,000 square feet when completed. That's quite an uptick over previous years when we averaged less than 50.
    December 17, 2019
    Mike Hargrave

    Single Property MOB Cap Rates Creeping Up

    The MOB Scene December 17, 2019 Mike Hargrave Single Property MOB Cap Rates Creeping Up Topic:Policy/Legislation Overall, MOB cap rates have continued to remain at lower levels compared to just a few years ago. According to Revista’s 3rd Quarter, 2019 Medical Real Estate Transactions Report, the US MOB average cap rate 6.4% which was down slightly from 6.5% in 3Q18.
  • December 17, 2019
    Mike Hargrave

    2 Large Speculative Projects Rising in the Baltimore MSA

    If you have seen Revista’s metro trends you may have noticed the Baltimore MOB market is one of the tightest in the country. The MOB occupancy rate has averaged between 93.9% and 94.8% since the 2nd quarter of 2018.
    November 26, 2019
    Hilda Martin

    For Community Based Building & Services, Flexibility is Key

    So much of the conversation in the industry right now is about placing medical services out into the community to be more convenient and cost effective for patients. But what is that community going to look like in 10 years? 20 years? Flexibility becomes the name of the game.
  • November 25, 2019
    Mike Hargrave

    Metro Focus – Jacksonville, FL

    Let’s take a look at the Jacksonville market. At 7.7 million square feet (MSF), Jacksonville’s MOB market is the 36th largest market in the US based on total SF.
    November 25, 2019
    John B. Mugford

    Q3 MOB Sales Were $2.2 Billion; 2019 Total Should Top $10 Billion Once Again

    After a slow start to the year, medical office building (MOB) sales have picked up in the second and third quarters (Q2 and Q3), providing a very strong possibility that the final 2019 volume will top $10 billion for the fifth straight year.
    October 24, 2019
    John B. Mugford

    Kaiser Still King of Medical Real Estate Ownership; UnitedHealth Group is on the Rise

    It doesn’t look as if anyone is going to dethrone Oakland, Calif.-based Kaiser Permanente as the country’s largest owner of medical real estate anytime soon. For the sixth consecutive year, Kaiser, a health insurer and provider with 8.6 million members in nine states, sat atop the annual “2018 Top 50 Owners of Medical Real Estate” report compiled by Revista, which gathers and provides a wide variety of healthcare real estate (HRE) data, statistics and reports for its subscribing members.
    October 24, 2019
    Mike Hargrave

    Revista Updates the Size and Scope of the Healthcare Real Estate Sector

    Taken together, the Hospital and MOB sector is valued at $1 Trillion
    October 23, 2019
    Hilda Martin

    High Demand Specialties – Orthopedics

    There are currently about 600 medical office projects under way across the country. More than 15 percent of those projects include orthopedics. Why do so many projects include this specialty?
    September 26, 2019
    Elisa Freeman

    Errath & Haslam Named 2020 MREIF Co-Chairs

    Revista is thrilled to announce that Andrew Haslam, Chief Asset Officer for Providence St. Joseph’s Health System and Tom Errath, Director for Harrison Street Real Estate Capital will co-chair the 2020 Revista Medical Real Estate Investment Forum.
    September 26, 2019
    John B. Mugford

    Healthcare Realty Trust is Finding MOB Acquisition Opportunities to its Liking

    The country’s healthcare-focused REITs have always been, and are likely to continue to be, an important investor group in the medical office building (MOB) acquisitions sector.
    September 26, 2019
    Hilda Martin

    2019 Continues with Flurry of Hospital Deliveries

    While MOB transaction activity might have cooled somewhat and MOB construction remains steady, deliveries of hospital projects have been on a spike. Based on projects that have either opened or are scheduled to open by the end of the year, we will be adding roughly 35 million square feet to inventory in 2019.
    August 28, 2019
    John B. Mugford

    MOB Q2 Sales Drop 29 Percent From a Year Ago…But Sales Still Have a Chance to Top $10 Billion in 2019

    There’s plenty of talk in the medical office building (MOB) sales sector that even though demand remains as high as ever for the product type, the volume has been quiet so far in 2019. Second quarter (Q2) and year-to-date MOB sales statistics compiled by healthcare real estate (HRE) data firm Revista, which provides a variety of HRE data to subscribers, confirm this notion.
    February 15, 2018
    Elisa Freeman

    Revista 2018 MREIF Attendance Grows More than 60% this Year!

    Revista is pleased to announce that attendance at its 2018 Medical Real Estate Investment Forum (MREIF) was up more than 60% from last year’s event. More than 320 industry executives were in attendance at the Miami Marriott Biscayne Bay in Miami January 28-30.
    January 29, 2018
    Mike Hargrave

    From the 2018 Revista Medical Real Estate Investment Forum – Medical Office Sector Becoming Core

    Transaction volumes have been steadily rising for the past few years. Revista began tracking property transactions in 2014 and volumes in that year were $8.9B for MOBs
    January 18, 2018
    Mike Hargrave

    2017 Development Survey Now Open Through February 9th!

    The Revista/Healthcare Real Estate Insights 2017 Outpatient Development Survey is Now Open - click to participate! Healthcare Real Estate Insights and Revista have partnered to create the healthcare real estate industry's most comprehensive survey of outpatient medical construction activity.
    January 18, 2018
    Elisa Freeman

    Who’s Coming to the 2018 Revista MREIF?

    • Adrenaline • Adventist Health Physician's Network • AEI Capital • Altus Group • Amtrust Title • Anchor Health Properties • Anne Arundel Medical Center • ARCH Design, Artwork and Framing Inc. • Array Architects • Aurum Property Partners • Avison Young • AW Property Co • Baptist Health South Florida • Baylor Scott & White Health • BBL Medical Facilities • Bentall Kennedy • Bloomberg Intelligence
    January 8, 2018
    Hilda Martin

    Construction Slowing – Outpatient Deliveries Down 15% from 2016

    2017 will have broken many records in terms of sales transaction activity in healthcare real estate, but it won’t in terms of new construction. Revista data is showing 3 consecutive years with a decrease in starts which is now also affecting total deliveries. Only 16.3M square feet was delivered in 2017, 15% less than the previous year's total of 19.3M.
    December 21, 2017
    John B. Mugford

    Top HRE professionals foresee good prospects in 2018

    While there is some concern and uncertainty about what the next year holds for the country’s healthcare system, some of the top professionals involved in healthcare real estate are quite bullish about their business prospects for 2018.