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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.
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.
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.
During Revista’s recent 3Q webcast, Principal Mike Hargrave data showing that the volume in the third quarter was, preliminarily, $4.6 billion, the second highest quarterly total – behind the $4.9 billion of sales in Q2 2017 — since Revista began tracking such data in 2015.
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.
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.
In the latest MOB statistics compiled by Revista, the occupancy rate and the absorption of space in MOBs larger than 7,500 square feet and located in the country’s top 50 metropolitan areas increased in the second quarter (2Q) 2021.
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.
It is probably safe to say that the volume of medical office building (MOB) salesin the COVID-19 pandemic-ridden year of 2020 exceeded people’s expectations. After a lackluster 2Q and 3Q, …
While the amount of outpatient facilities started or completed during 2020 fell by about 9.7 percent from the previous year, the number of healthcare real estate projects taking place remains quite healthy
Back in January, Revista reported that medical office building (MOB) sales had “preliminarily” totaled $10.2 billion in 2020. The reason for the “preliminary” tag was that Revista was presenting the …
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.
Once again, as has been the case for the last seven years, Oakland, Calif.-based Kaiser Permanente, the giant health insurance firm and healthcare services provider, remains the largest owner of real estate among healthcare-related entities in the United States.
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.
Medical office building (MOB) sales have certainly been a bit sluggish since the onset of the COVID-19 pandemic, but not as slow as might’ve been predicted when the crisis first …
With a number of other commercial real estate sectors still feeling the sting of the COVID-19 pandemic, including general office, retail and hospitality, MOBs are showing their strength and appeal …
The fallout from the COVID-19 pandemic has taken its toll on the country’s healthcare systems as well as the healthcare real estate (HRE) sector, even though the industry and property type continue to show resiliency.
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 …
While MOB deals have certainly been taking place during the COVID-19 pandemic, there is no doubt that activity has slowed considerably. However, one MOB investor seems to have not only …
It looks as if the first quarter (1Q) might’ve been the calm before the storm when it comes to MOB sales.
At a time when MOB sales have slowed considerably as a result of the COVID-19 pandemic, it was reassuring to see a good-sized transaction take place in recent weeks.
Through Q3 of 2019, there was some speculation about whether the total MOB sales volume for the year would top the $11 billion threshold for the fifth straight time. Any …
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 …
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 …