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    The MOB Scene

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

  • September 15, 2020
    Mike Hargrave

    Physician Office Employment Recovering

    Late March through April saw the onset of the Covid-19 Pandemic which shutdown much of the US economy. The Physician Office and Medical Office Sectors, which had historically proved ultra-resilient to economic and other shocks was not immune to the pandemic related shutdowns.
  • August 20, 2020
    John B. Mugford

    MOB Sector Remains Resilient; Revista Webcast, Data Indicates Stabilized Occupancies Despite COVID-19

    The fallout from the COVID-19 pandemic has taken its toll on the country’s healthcare systems as well as the healthcare real estate (HRE) sector, even though the industry and property type continue to show resiliency.
    August 19, 2020
    Hilda Martin

    Metro Highlight – Phoenix

    Phoenix is an investor favorite for sure. While nationwide roughly 65% of medical office space is user owned, in Phoenix only 30% is user owned. A significant driver of this is how incredibly fast Phoenix is growing.
  • July 27, 2020
    John B. Mugford

    Hammes Partners Kicks Off Q3 with a $147.1 Million Healthcare Portfolio Purchase

    While the total MOB sales volume for Q2 has yet to be finalized, it is likely to show a significant decrease from previous quarters due to the effects of the COVID-19 pandemic.
    July 27, 2020
    Mike Hargrave

    MOB Financing Volume Slows in 2Q20 – Here’s the Data

    One of the drivers of the slowdown in activity is the volume of mortgage financing. Revista tracks recorded mortgage financing for the almost 50,000 medical office buildings in its database.
    July 9, 2020
    Mike Hargrave

    Attention Property Owners, Managers and Leasing Agents – Please take our short survey!

    Please take our survey on the ongoing impact on leasing and property management from the Covid-19 pandemic. Please make all responses as relevant to your medical office buildings only. All submissions are..
    June 24, 2020
    Mike Hargrave

    Outpatient Employment Rebounds in May

    Many economic signals rebounded in May of 2020. The equities markets, housing markets and overall employment markets all showed sharp pullbacks in March and April only to rebound sharply in May. Among the measures is Ambulatory Services employment.
    May 28, 2020
    Mike Hargrave

    Through April – Transaction Volume slowing but still outpacing 2019

    A weekly running sum of medical office volume through April 2020 reveals that volume is slowing but that overall, total volume is still running ahead of 2019.
    May 28, 2020
    John B. Mugford

    MOB Sales Were ‘Okay’ in 1Q, at $2.5 Billion

    It looks as if the first quarter (1Q) might’ve been the calm before the storm when it comes to MOB sales.
    May 28, 2020
    Hilda Martin

    Most Active Buyers of 2019

    In 2020, things are certainly changing a mile a minute. But let's take a look back to 2019 and the investors who most actively acquired MOBs. Welltower takes the title acquiring $2.2 billion throughout the year, followed by MB Real Estate, Montecito and Anchor Health Properties.
    May 12, 2020
    Hilda Martin

    Healthcare Construction Projects Start on Time, Deliveries Delayed

    Based on planned projects, a slow down in starts in the beginning of this year was expected. But for those scheduled starts, even into March and April, projects moved forward with few exceptions. Projects scheduled to open, however, have a different story.
    May 12, 2020
    Mike Hargrave

    Revista Releases 1Q20 Industry Fundamentals Report

    verall, the report shows little impact from the Covid-19 pandemic. The chart below shows key aggregate same-store year over year growth rates for key MOB metrics.
    April 22, 2020
    John B. Mugford

    Outpatient Campus Sale Near D.C. is a ‘Great Story’

    At a time when MOB sales have slowed considerably as a result of the COVID-19 pandemic, it was reassuring to see a good-sized transaction take place in recent weeks.
    April 22, 2020
    Hilda Martin

    1Q MOB Sales Up, Pricing Reflects Flight to Safety

    Despite mounting stay-at-home orders and market turbulence throughout the month of March, medical office building sales ended the quarter up from a year ago. Want access to data as it happens? Subscribe to Revista to search building sales as soon as Revista Research enters them in our Transaction Comps tool.
    April 14, 2020
    Mike Hargrave

    Please Help Us Provide You with the Data You Need Now!

    Revista has developed 2 short surveys in response to the Covid-19 pandemic’s impact on your business. One survey is geared towards owners and managers of medical real estate and the other is geared towards investors and those involved in the investing in medical real estate.
    April 8, 2020
    Mike Hargrave

    HCRE Developers Gain Share in 2019!

    Outpatient Starts rose significantly in 2019. See table below but 30.9 MSF was started in 2019 compared to 23.1 MSF in 2018 (an increase of 34%). Developers also gained a higher share of the starts activity in 2019.
    April 7, 2020
    Mike Hargrave

    MOB Pricing – What the Public Markets are Telling Us

    A little over a month ago things were business as usual within the world of healthcare real estate. The Revista Medical Real Estate Investment Forum had just wrapped up with healthy growth in attendance and many attendees were speaking of another year ahead of continued growth in transaction volumes.
    March 26, 2020
    John B. Mugford

    MOB Sales Top $11 Billion for the Fifth Straight Year

    Through Q3 of 2019, there was some speculation about whether the total MOB sales volume for the year would top the $11 billion threshold for the fifth straight time.
    March 25, 2020
    Mike Hargrave

    MOB Tenant Retention Rates Set Recent Highs in 4Q19

    With the onset of the Covid-19 pandemic this will be an important metric to track in 2020 and beyond. Take comfort in the fact that over previous cycles/downturns the rate held up remarkably well, especially when compared to other asset classes.
    February 27, 2020
    John B. Mugford

    Amount of MOB Space Now Equals that of Hospitals

    The big shift that everyone involved in healthcare and healthcare real estate (HRE) has been talking about for years upon years has finally taken place, at least on the real estate side of the equation.
    February 26, 2020
    Mike Hargrave

    Is MOB Rent Growth Correlated to Occupancy?

    Classic economic theories establish a clear relationship between supply and demand for many goods and services. In real estate circles the theory says that as prices rise, demand (or occupancy) should fall.
    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 17, 2014
    Jim Leavy

    Revista to Launch the First Comprehensive Medical Office Building Database

    Company will provide the medical real estate sector's only free to access online archive of MOBs and other healthcare properties, as well as healthcare real estate statistics and resources, regional and local market reports, and strategic networking events.