2021 turned out to be a record-breaking year for MOB transaction activity with preliminary stats now showing more than $16B changing hands, up from $11.7B in 2020. Private equity investors continue to lead acquisition activity with 63% of total MOB sales volume represented by the group. Despite this, on the balance, they were still net sellers for the year, making up 75% of total volume of MOB sales. REITs did pick up activity during the year making up 28% of buyer volume, in contrast to only 17% in 2020. With this increase in acquisitions, REITs as a group were once again net buyers. In 2020, REITs as a group were net sellers of MOBs as many took the opportunity to refine their portfolios. Come join us at the MREIF in San Diego on March 2-4th to find out official 2021 stats, a look into 2022, and more details on sales activity and performance!