July 22, 2014
Mike Hargrave

REITs Account for 48% of 2nd Quarter MOB Volume!

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.  Of this amount, HTA (NYSE:  HTA) was the most active REIT by dollar volume;  HTA purchased 7 properties in the quarter for roughly $211 million.  Their headline deal was the approximately $200 million deal with Gazit-Globe/ProMed Properties.  This deal was for 6 properties; 2 in Boston that are affiliated with Tufts Medical Center, one in Baltimore affiliated with physicians of Union Memorial Hospital and 3 in the Miami Florida area.  Visit HTA’s investor relations site for a presentation on this transaction.

MOB buyers share