After finishing out 2020 with one of the strongest volume quarters in recent years, 2021 is off to a quiet start. $1.8B in MOB transactions closed in the first quarter, down from $3.3B in 1Q20 and in line with 1Q19. On a TTM basis, we are now running at just $10B in volume. However, this slow down is unlikely to continue. Many investors have been busy raising funds over the past year and these funds must be deployed. That, in addition to continued interest from new investors, will likely drive sales up in the coming quarters. Stay tuned to see how 2Q unfolds!
