n 2013, the Healthcare REITs within the 2016 top owners report had funded roughly $0.5B worth of construction projects that were considered “in progress” at 12/31/2016. That $0.5B represented just 0.7% of their total gross real estate assets.
Record MOB sales in the first half of nearly $5.5 billion rivaled total volume in 2012 through 2014. The major reason was HTA’s $2.2 billion acquisition of the Duke Realty healthcare portfolio in June, leaving the balance of first half acquisitions at $3.2 billion, consistent with first half volume in 2015 and 2016 – years with record overall sales.
When Nashville-based Healthcare Realty Trust (NYSE: HR) announced second quarter (Q2) earnings on Aug. 2, there was no hint that it had a major medical office building (MOB) portfolio acquisition in the works. In fact, President and CEO Todd Meredith seemed to suggest that the MOB space could be risky for imprudent investors.
Join us for one of our newly announced bonus sessions that will take place on January 29 before the conference officially kicks off! Panelists will discuss stable, value add and construction on MOBs and other Medical Properties.
Revista has posted the Mid -2017 Top 50 Metro Rankings Report for Medical Real Estate to its subscriber portal.
The overall construction pipeline, comprised of Hospitals and Outpatient MOBs under construction and in late planning, stands at $104.4B..