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.
About John B. Mugford
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.
MOBs continue to perform well, with occupancy in top 50 markets rising to 91.7%
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 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.
MOB sales slow down in Q1, but it’s still early for 2021
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, …
Revista Developer Survey shows strong development numbers; it also ranked the top third-party developers in 2020
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
With a late surge in 4Q, MOB sales in 2020 once again topped the $11 billion mark, a benchmark figure that conveys the product type’s resilience
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 …
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.
Kaiser Remains on top of Largest Property Owners
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 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.
Q3 MOB Sales Were About $2 Billion, Putting 2020 Not Far Behind 2019
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 …
Sale of Salt Creek Campus Outside of Chicago is a Good Example of How Strong Investor Demand Remains for MOBs
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 …
MOB Sector Remains Resilient; Revista Webcast, Data Indicates Stabilized Occupancies Despite COVID-19
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.
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 …
IRA Capital Steps Up its MOB Investing During the Pandemic
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 …
MOB Sales Were ‘Okay’ in 1Q, at $2.5 Billion
It looks as if the first quarter (1Q) might’ve been the calm before the storm when it comes to MOB sales.
Outpatient Campus Sale Near D.C. is a ‘Great Story’
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.
MOB Sales Top $11 Billion for the Fifth Straight Year
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 …
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 …
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 …
Q3 MOB Sales Were $2.2 Billion; 2019 Total Should Top $10 Billion Once Again
After a slow start to the year, medical office building (MOB) sales have picked up in the second and third quarters (Q2 and Q3), providing a very strong possibility that the final 2019 volume will top $10 billion for the fifth straight year.
Kaiser Still King of Medical Real Estate Ownership; UnitedHealth Group is on the Rise
It doesn’t look as if anyone is going to dethrone Oakland, Calif.-based Kaiser Permanente as the country’s largest owner of medical real estate anytime soon.
For the sixth consecutive year, Kaiser, a health insurer and provider with 8.6 million members in nine states, sat atop the annual “2018 Top 50 Owners of Medical Real Estate” report compiled by Revista, which gathers and provides a wide variety of healthcare real estate (HRE) data, statistics and reports for its subscribing members.
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.
MOB Q2 Sales Drop 29 Percent From a Year Ago…But Sales Still Have a Chance to Top $10 Billion in 2019
There’s plenty of talk in the medical office building (MOB) sales sector that even though demand remains as high as ever for the product type, the volume has been quiet …