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. Preliminary data shows 375 MOBs traded in the first half of 2019 representing about $4.4 billion. This is down from the same period a year ago where 474 MOBs traded at $6.4 billion. While total volume may be down, a theme continues- private investors represent the greatest percentage of acquisitions. Albeit they are not as far in the lead as 2018 in large part due to the $1.25 Billion CNL portfolio acquisition by Welltower in May. The most active buyers so far this year (behind Welltower of course) are MBRE, Healthcare Realty Trust, Montecito, Anchor Health & Harrison Street. Stay tuned for final Q2 stats as we continue to monitor these trends.