Bethlehem Township commissioners recently approved plans submitted by St. Lukes to build a 2nd medical office building (MOB) on their Anderson Campus in Easton, PA
Coming out of the great recession, Health Care REITs have generally enjoyed a cost of capital advantage over other forms of capital. This has played out in the Revista transaction stats as REITS purchased over $5 Billion of medical office buildings in 2014.
Overall, there are 26,545 medical properties in the top 50 metro areas. Of this, we count 1,895 hospitals, 15,116 medical office buildings
Overall, healthcare REITs had total returns of over 33% in 2014 and had an equity market cap approaching $100 Billion by the end of the year
North Shore LIJ Health System of Great Neck, NY teamed up with Waterstone Development Group to purchase 600 Community Drive in Manhasset, NY