Topic: Industry News

May 24, 2019
John B. Mugford

Welltower – CNL’s $1.25B Boosts MOB Sales

Deal reinforces strategy of creating value by packaging MOBs into large portfolios With MOB sales off to a somewhat slow start in early 2019, the closing of the sector’s second-biggest arm’s length deal of all time is sure to bolster the volume for the year. On May 15, Toledo, Ohio-based Welltower Inc. (NYSE: WELL), which has invested more than $6 billion in a variety of healthcare asset types since coming off the sidelines in early to mid-2018, reported that it closed on its previously announced $1.25 billion acquisition of 55 MOBs from Orlando, Fla.-based CNL Healthcare Properties, a non-traded healthcare real estate investment trust (REIT).
May 24, 2019
Mike Hargrave

MOB Cap Rates Coming Off Lows

Medical Office Building (MOB) capitalization rates are trending up from their lows set in late 2017 and early 2018. The average cap rate for MOBs was 6.7% in the 1st quarter of 2019..
May 17, 2019
Hilda Martin

Metro Highlight – Charlotte

Although 22nd in rank for population, Charlotte is one of the fastest growing cities in the nation. Over the past 10 years the population has grown almost 60%! In 2010 the population rank was only 33… Affordable housing and lower cost of living paired with rapid economic growth and a hot job market has generated a population magnet.
April 25, 2019
John B. Mugford

MOB Square Footage, Total Value Rose in 2018 Annual Revista/HREI Development Report Reveals Top Developers of the Year

The year 2018 proved to be healthy one for new medical office building (MOB) construction projects, which is certainly music to the ears of professionals involved in the healthcare real estate sector. The good news comes by way of the third annual Outpatient Healthcare Real Estate (HRE) Development Report released late last week by Revista, a research firm that compiles data for the HRE sector, in conjunction with Healthcare Real Estate Insights (HREI), which provides news and trends in healthcare facility development, financing and investment.
April 25, 2019
Hilda Martin

Hospital Construction Booming in Philadelphia

Hospital construction across the US is in the midst of a delivery spike as many projects, both new hospitals and additions, open this year. As of the end of 2018 Philadelphia had the largest under construction hospital pipeline of any metro with 4.4 Million square feet and 14 projects under construction, almost double the square footage of the runner up, Washington DC.
March 28, 2019
Mike Hargrave

The Hottest Metros in 2018

Overall transaction volumes for Medical Office Buildings (MOB) were down in 2018 versus 2017. According to Revista’s Year End 2018 Medical Real Estate Transactions report
March 28, 2019
John B. Mugford

A Value-add, Repurposing MOB Project with Plenty of Entitlement Risk Looks to be Paying off for Longtime Sector Investor Seavest

SAN FRANCISCO– Every medical office building (MOB) development project comes with some risk. But for the first time in its history, White Plains, N.Y.-based Seavest Healthcare Properties LLC took on what can be considered a very big risk concerning a city’s entitlement, or land use approval, process in order to repurpose an existing building to medical.
February 28, 2019
John B. Mugford

Revista principals note that MOB sales, same-store NOI growth, are reflections of the sector’s steadiness

SAN DIEGO– For the fourth straight year, medical office building (MOB) sales in 2018 topped $11 billion, providing another indication that the sector continues to garner strong demand from a wide and ever-growing number of investors and investor types.
February 27, 2019
Hilda Martin

CPMC Van Ness Campus to Open March 2nd

2019 is expected to be a big year in terms of hospital project completions and the Sutter CPMC campus on Van Ness and Geary in San Francisco, opening Saturday, March 2nd, is one of the largest deliveries.
February 27, 2019
Mike Hargrave

Are Larger Medical Office Buildings More Valuable than Smaller Ones?

Attendees of this year’s Revista Medical Real Estate Investment Forum (MREIF) in San Diego received take home data briefs as a part of their attendance. One such brief profiled several interesting insights regarding transaction activity
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