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.
The conference was different from other health care real estate conferences in that the star of this show was the data. Networking was also a highlight, but everyone was talking about the data.
Below is a link to Mark Engstrom's (who is the Executive Vice President of Acquisitions at HTA REIT) opening speech on the importance of data and transparency to the medical office sector.
The Forest Park Medical Center is a 54 bed, 142,000 square foot hospital that opened earlier this year.
American Realty Healthcare Capital Trust II, which recently purchased a portion of the LaSalle investment Trust MOB II portfolio, has also acquired a $132 million portfolio of medical office buildings from Pinnacle Healthcare of Harrisburg, PA.