2017: The Year of the MOB Portfolio Deal?
Recent offering of 17 MOBs adds to a the list of portfolios put on the market this year By John B Mugford, Editor, Healthcare Real Estate Insights Large investors, including …
About John B. Mugford
2021 was both the ‘Year of the Portfolio’ and the ‘Year of the Recapitalization’
In early November, Mindy Berman, senior managing director and head of the healthcare capital markets platform with Jones Lang LaSalle Inc. (NYSE: JLL), reported during an HRE conference that year-to-date in 2021 there had been 21 MOB portfolio deals topping $100 million each.
A Divided Congress Could Be a Positive For The HRE Sector
The mid-term elections of Nov. 6 will give control of the U.S. House of Represents to the Democrats starting in 2019, while the Republicans will continue to control the Senate. …
A record-setting MOB cap rate of 3% in the Bay Area
A deal that recently took place in Burlingame, Calif., in the suburbs south of San Francisco, may have set an all-time cap rate record for an investment-grade MOB.
A tutorial on how to improve upon a record-low cap rate
The MOB deal that took place in June 2021 at what many professionals in the MOB sales sector consider an all-time low cap rate is already turning out to be a good transaction for the buyer, according to an executive with one of the firms that acquired the facility in a joint venture partnership.
A Value-add, Repurposing MOB Project with Plenty of Entitlement Risk Looks to be Paying off for Longtime Sector Investor Seavest
SAN FRANCISCO– Every medical office building (MOB) development project comes with some risk. But for the first time in its history, White Plains, N.Y.-based Seavest Healthcare Properties LLC took on …
After Sitting on the sidelines, Welltower is in the game again
After sitting on the sidelines earlier this year, when its stock price was beaten down a bit and pricing for MOBs was too high for its liking, Toledo, Ohio-based Welltower …
Amount of MOB Space Now Equals that of Hospitals
A variety of other HRE statistics were disseminated at Revista conference Jan. 27-29 The big shift that everyone involved in healthcare and healthcare real estate (HRE) has been talking about …
An HRE firm finding opportunity, growth in forming partnerships with capital sources
According to numerous professionals involved in healthcare real estate (HRE), large capital sources, including foreign investors, have a record amount of “dry powder” they are anxiously looking to invest in …
As Welltower Keeps Buying, its Strategy is Becoming Clearer
Sure, we featured Toledo, Ohio-based Welltower (NYSE: WELL) in this space last month, noting that the publicly traded REIT had come off the sidelines and was making plenty of acquisitions …
Big Reverse Monetization Kicks Off 2018
Prior to the start of 2018, several members of the Editorial Advisory Board (EAB) of Healthcare Real Estate Insights™ predicted that the sector would see some transactions in which health …
Big Welltower MOB Portfolio Purchase Closes Out 2019
As 2019 was winding down, a large MOB portfolio sale closed with just five days left in the year. That sale, perhaps, could be a key toward propelling 2019’s total …
Biggest deal so far of 2021 started as a potential recapitalization
Nuveen-NexCore acquire MOB/life science portfolio for $620.4M; price for the 27 MOBs was $463M
What started out as a potential recapitalization of a portion of IRA Capital’s healthcare real estate (HRE) portfolio turned into the biggest MOB deal to date in 2021.
California deal breaks all-time MOB cap-rate record
Just when it looked like cap rates for MOBs could not go any lower – following a sale in mid-2021 that took place at what was then an all-time record low of 3 percent – a sale took place in early 2022 at an even lower first-year estimated yield.
Construction of non-health system affiliated MOB space rises in 2017
By John B. Mugford, Editor, Healthcare Real Estate Insights Prior to the onset of the Great Recession, the medical office building (MOB) market was coming into its own as an …
Cornerstone, KKR form a new joint venture partnership
For several years now, a number of large investors have entered the healthcare real estate (HRE) sector by partnering with longtime and successful HRE firms.
Despite COVID-19 Pandemic, Healthcare Construction Numbers Remain Strong
Even though the professionals involved in MOBs correctly predicted that investor demand would remain strong for the product type during the COVID-19 pandemic, some involved in development expressed concern that construction numbers could fall as healthcare systems and providers would be forced to focus on a surge of patients instead of planning new projects.
Despite the Pandemic’s Effect, Healthcare Developers are Busy and Optimistic
Despite some delays and postponements of projects during the early months of the COVID-19 pandemic, a group of executives with some of the leading healthcare real estate (HRE) development firms are saying things are picking.
Despite What Seems to be a Slowdown in MOB Offerings, Montecito Medical Real Estate is on Pace to Invest $900 Million in 2019
For four straight years, medical office building sales have topped $11 billion in annual volume, according to Revista data. However, so far in 2019, MOB sales have slowed a bit, …
Developer Sales of MOBs are Highly Valued, But Somewhat Rare
What do large, institutional MOB investors look for when seeking purchases? For the most part, they prefer larger portfolios in order to add instant scale. They prefer properties occupied by …
Hammes Partners Kicks Off Q3 with a $147.1 Million Healthcare Portfolio Purchase
While the total MOB sales volume for Q2 has yet to be finalized, it is likely to show a significant decrease from previous quarters due to the effects of the …
Healthcare Realty Trust is Finding MOB Acquisition Opportunities to its Liking
The country’s healthcare-focused REITs have always been, and are likely to continue to be, an important investor group in the medical office building (MOB) acquisitions sector.
Highly selective Healthcare Realty Trust finds an MOB acquisition to its liking
NASHVILLE, Tenn., and ATLANTA – When Nashville-based Healthcare Realty Trust (NYSE: HR) announced second quarter (Q2) earnings on Aug. 2, there was no hint that it had a major medical …
HRE Developments Require Patience and Attention to Details
In today’s highly competitive, constantly changing healthcare real estate environment, being a successful healthcare development firm takes plenty of persistence, perseverance, patience and attention to details, according to those involved …