Topic: Real Estate Financing/Capital Markets

June 12, 2018
Mike Hargrave

DuPage Medical Group Sells Several Trophy MOBs to Harrison Street

DuPage Medical Group (DMG), of Downers Grove, Illinois (www.dupagemedicalgroup.com) has recently sold a group of trophy MOBs to Harrison Street Realty Capital (HSRE).
May 22, 2018
Mike Hargrave

The Emerging Public-Private Valuation Gap

As the start of higher interest rates have entered into 2018 economic data, Medical Office REIT share prices have pulled back implying their portfolio values have also fallen...
April 25, 2018
John B. Mugford

Three Big Portfolios to Meet Big Investor Appetites

The bread-and-butter medical office building (MOB) deal continues to entail the sale of a single building for a price of less $20 million, often quite a bit less. Such deals, of course, do not typically satisfy the appetites of the sector’s largest investors, including private equity funds, the larger publicly traded REITs, and institutions, as well as foreign capital. Such investors prefer deals that provide immediate scale instead of having to accumulate a portfolio by making smaller, one-building acquisitions.
April 24, 2018
Hilda Martin

Metro Highlight – Houston

Houston is the number one metro in terms of square feet of hospital space under construction. As of the end of 2017, Houston had roughly 4.2 million square feet of hospital space under way – about a million square feet ahead of the runner up, New York.
April 24, 2018
Mike Hargrave

2017 Transaction Data/Reports by Investor Type

These new reports detail transaction activity for 3 types of investors – Real Estate Investment Trusts (REITs), Hospitals and Health Systems and Private Investors. Each of the 3 reports provides detail on volume trends, pricing, share data, as well as data for the most active investors and metro areas.
March 20, 2018
Mike Hargrave

Here are the top 5 MOB Trophy Markets

Here are the top 5 markets. The most active market during this time has been LA/Orange County which has seen $2.9B worth of MOB transaction volumes. LA/Orange also has the lowest cap rate/yield at 5.7%.
March 20, 2018
Mike Hargrave

Medical Real Estate Sector Posts Record Volume in 2017

Revista has posted its 2017 Year End Transactions Reports for subscribers to its data service. By most accounts, 2017 was a record year for the sector in terms of transaction volume. Overall $21.8B worth of hospital and medical office real estate traded hands in 2017.
February 23, 2018
Hilda Martin

What Was Revista’s Most Active Metro in 2017?

Continuing focus on high medical office sales activity might lead one to wonder where all this activity is occurring. In 2017, more than 25% of sales volume was represented in only 5 metro areas. Who's leading the pack?
January 29, 2018
Mike Hargrave

From the 2018 Revista Medical Real Estate Investment Forum – Medical Office Sector Becoming Core

Transaction volumes have been steadily rising for the past few years. Revista began tracking property transactions in 2014 and volumes in that year were $8.9B for MOBs
January 8, 2018
Hilda Martin

Construction Slowing – Outpatient Deliveries Down 15% from 2016

2017 will have broken many records in terms of sales transaction activity in healthcare real estate, but it won’t in terms of new construction. Revista data is showing 3 consecutive years with a decrease in starts which is now also affecting total deliveries. Only 16.3M square feet was delivered in 2017, 15% less than the previous year's total of 19.3M.
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