Despite all the difficulties of the pandemic in 2020, medical office transaction activity still kept pace with previous years. Total sales volume cleared $11.2B and these top buyers represented almost half (46%) of that total.
So much of the conversation in the industry right now is about placing medical services out into the community to be more convenient and cost effective for patients. But what is that community going to look like in 10 years? 20 years? Flexibility becomes the name of the game.
For the first time since Revista began tracking medical real estate transaction volume in 2014, hospital real estate transaction volume is outpacing Medical Real Estate Transaction Volume.
The following are recent medical office buildings from Revista's northeast region that traded hands:
Lockwood Medical Offices
Real Estate Investment Trusts (REITS) accounted for 48% of the buying activity for medical office buildings (MOBs) in the 2nd quarter of 2014. REITs bought $454 million worth of MOBs in 2Q....