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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.
    April 19, 2017
    Mike Hargrave

    Institutional Real Estate Investor Hosts Podcast on Medical Real Estate

    How large is the medical office sector and how fast is it growing? Who are the sector’s major owners and investors, and what type of financing is available? How does the industry perform during typical real estate cycles, and how has medical office performed in recent years? For answers to those and
    March 29, 2017
    Elisa Freeman

    New survey reveals $7.7 billion market for outpatient medical real estate development

    Revista and HREI unveil the first independently verified research project to look exclusively at the development of medical office buildings (MOBs) and other outpatient facilities ARNOLD, Md., and MINNETONKA, Minn., March 29, 2017 – How big is the market for the development of medical office buildings (MOBs) and other outpatient facilities, and who are the most active developers? In the first independently verified research project to look exclusively at those questions, Revista and Healthcare Real Estate Insights (HREI) found that outpatient medical real estate development projects totaling nearly $7.7 billion in construction value and 19.4 million square feet were completed in 2016. Another 17.3 million square feet of outpatient projects with a value of almost $6.5 billion were started. The top five outpatient developers in terms of square footage started or completed last year were
    March 23, 2017
    Mike Hargrave

    2016 Year End Transaction Reports are Available

    Revista has released its 2016 Year End Transaction Reports. There are 2 reports; one covering the US and another covering the Top 50 Metro Areas. The transaction report covers medical real estate transactions including medical office properties (MOBs) and hospital real estate.
    March 19, 2017
    Mike Hargrave

    Are Hospital Cap Rates Beginning to Rise?

    During the past few years, investors have become increasingly interested in the $600B+ US hospital real estate sector...
    March 16, 2017
    Mike Hargrave

    2017 US Construction Report is Available

    This report covers Hospital and Medical Office Construction projects that are new, expansions or replacements greater than 7,500 square feet and $5 million in value. It provides detail on the overall pipeline (under construction and late planning), analysis of recent completions in 2016 and expected completions in 2017. Construction starts are trended quarterly and projected out 2 quarters.
    March 10, 2017
    Mike Hargrave

    US Healthcare Real Estate is One Trillion Dollar Sector

    Each year, Revista updates its size and scope of the US Healthcare Real Estate Sector. We maintain a database of all hospital, medical office (MOB) and other healthcare properties located throughout the continental United States.