Topic: Industry News

July 25, 2019
John B. Mugford

Despite What Seems to be a Slowdown in MOB Offerings, Montecito Medical Real Estate is on Pace to Invest $900 Million in 2019

For four straight years, medical office building sales have topped $11 billion in annual volume, according to Revista data. However, so far in 2019, MOB sales have slowed a bit, with the volume coming in at $1.5 billion in Q1. And while the volume in Q2 has to be compiled, it was certain to be bolstered by the $1.25 billion purchase of the CNL Healthcare Properties MOB portfolio by Welltower Inc. (NYSE: WELL).
July 25, 2019
Mike Hargrave

Revista to Debut Trends for the Top 50 Metros and host 2nd Quarter Webcast on 7/31.

Supply/demand and Rent trends will begin appearing in Revista’s products which will enable subscribers to better analyze macro market risks and opportunities.
July 24, 2019
Hilda Martin

MOB Transaction Volume Continues to Cool, Private Investors Still Lead Acquirers

2019 MOB deal volume continues the cooling trend after coming off historical highs in 2017. While total volume may be down, a theme continues - private investors represent the greatest percentage of acquisitions.
June 27, 2019
John B. Mugford

With Payment Model Changes, New Opportunities Abound for Urgent Care Centers

There’s a widespread notion that opportunities to open new urgent care centers (UCCs) in the United States have, for the most part, run their course. The main culprits, it would seem, have been an over-saturation of such facilities in affluent suburban and Sunbelt markets and a somewhat restrictive payment model that left many patients with higher co-pays than typical doctor visits.
June 26, 2019
Hilda Martin

Top Markets for MOB Construction

In the past twelve months, over 21 million square feet of medical office space have been delivered across the country. More than 35% of that has been condensed in 10 markets.
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.
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