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.
We often show in our reports and presentations the metros that have the most MOB construction activity. Frequently this ends up being the usual suspects - New York, Chicago, Los Angeles etc. and this is simply because these are the largest overall markets so they will tend to have more space being built. To broaden the spectrum, let’s take a look at metros that are the most active in comparison to their existing inventory.
The property is leased to a high quality tenant roster that includes MemorialCare Medical Foundation (MMF) and Fresenius Dialysis. The purchase price was approximately $27 million or $671 per square foot..
UBS Real Estate, along with Greelaw Partners of Irvine CA recently acquired the Saddleback Valley Medical Csaddlebackenter (MOB) from Lillibridge/Ventas.
Healthcare Trust of America, Inc. (NYSE: HTA) recently announced 1Q16 total investment activity of $163 million and an additional $210 million of investments..
Recent years has seen the healthcare real estate transaction world more or less controlled by real estate investment trusts (REITS). Healthcare REITs have enjoyed a long run of comparatively low priced capital with ready access to various forms of debt financing.
2015 was a banner year for medical real estate. Transactions were at an all-time high, construction and development grew and fundamentals are near cyclical highs. We invite healthcare executives to join us for this informative, data-driven webcast in which Revista will provide an overview...