During the past few years, investors have become increasingly interested in the $600B+ US hospital real estate sector...
Each year, Revista updates its size and scope of the US Healthcare Real Estate Sector. We maintain a database of all hospital, medical office (MOB) and other healthcare properties located throughout the continental United States.
We have analyzed recently how private investors are buying substantially more healthcare real estate than they have previously, and how they are taking up a larger percentage of buyer activity. To look at the whole picture, we need to look at how much these groups are selling as well.
As we posted back in March, private equity as a group is buying significantly more medical real estate than they have previously. As we posted back in March, private equity as a group is buying significantly more medical real estate than they have previously. They also make up a greater percentage of overall volume.
Overall, the sector is performing near cyclical highs in terms of occupancy and NOI growth. The occupancy rate as of the 2nd quarter 2016 was 92.5%.
Orange County Medical Office Buildings have been a prized possession of real estate investors for several years. In fact, over the past several years, investors have acquired over $1.5 Billion of MOBs in Orange County.
Seattle is nowhere near the top in terms of penetration, but their sales stats over the last year trumps all in terms of total volume AND square feet sold as a percent of inventory. To top it off, these sales averaged out to the highest price per square foot in the top twenty markets...
The property is leased to a high quality tenant roster that includes MemorialCare Medical Foundation (MMF) and Fresenius Dialysis. The purchase price was approximately $27 million or $671 per square foot..
UBS Real Estate, along with Greelaw Partners of Irvine CA recently acquired the Saddleback Valley Medical Csaddlebackenter (MOB) from Lillibridge/Ventas.
Healthcare Trust of America, Inc. (NYSE: HTA) recently announced 1Q16 total investment activity of $163 million and an additional $210 million of investments..