The Buyer Composition has Changed
Recent years has seen the healthcare real estate transaction world more or less controlled by real estate investment trusts (REITS). Healthcare REITs have enjoyed a long run of comparatively low …
The Emerging Public-Private Valuation Gap
As the start of higher interest rates have entered into 2018 economic data, Medical Office REIT share prices have pulled back implying their portfolio values have also fallen. Healthcare Trust …
The Fed Sets the Stage for Higher Fed Funds Rate in 2022
The Federal Reserve (Fed) yesterday released updated economic projections including their expectations for the Fed Funds rate. To look at the potential impact on MOB cap rates, let’s review recent history.
The Hottest Metros in 2018
Overall transaction volume for Medical Office Buildings (MOB) were down in 2018 versus 2017. According to Revista’s Year End 2018 Medical Real Estate Transactions report, MOB transaction volume was $11.9B …
The Most Active MOB Metros 3Q18-2Q19
Medical Office (MOB) transaction volume has slowed during the past year. Within the top 50 metros Revista recorded $7.14B worth of MOB trades from 3Q18 to 2Q19. This was down …
The Revista 4Q23 Subscriber Webinar – Abridged Slides
Revista held its 4th quarter, 2023 subscriber webinar recently. During the webinar, it was reported that occupancy rates were continuing to rise for Medical office properties in the top 50 metros.
The Revista Pipeline: Medical Office Construction Projects
Below are selected construction projects from Revista’s medical real estate database. Subscribers have access to this database containing over 55,000 medical properties plus market reports for only $80/month. St. Lukes receives …
The Surgery Center Premium for MOBs
Revista tracks and identifies medical buildings that contain a surgery center. Within our database, surgery centers are a tag rather than a property type as many surgery centers are contained …
Through April – Transaction Volume slowing but still outpacing 2019
A weekly running sum of medical office volume through April 2020 reveals that volume is slowing but that overall, total volume is still running ahead of 2019. Through week 18 …
Top 50 Metro Occupancy Rate Climbs in 3Q21 for MOBs
The occupancy rate across medical office buildings located in the US top 50 metros climbed to 91.7% in 3Q21. This was up from 91.5% in 2Q21 and 91.3% one year ago.
TTM MOB Cap Rate Trends Showing a 20-30 Basis Points (bps) Sequential Rise
Revista recently held its 1Q23 Subscriber Webcast. Hilda Martin and Mike Hargrave of Revista were joined by Gino Lollio, an Executive Director with Cushman & Wakefield Healthcare Capital Markets. Over 230 subscriber lines registered for the webcast indicating a high level of interest in emerging trends we covered.
UBS Acquires Saddleback Valley MOB from Lillibridge/Ventas
UBS Real Estate, along with Greelaw Partners of Irvine CA recently acquired the Saddleback Valley Medical Center (MOB) from Lillibridge/Ventas. The purchase price was $34.5 million which works out to …
US Healthcare Real Estate is One Trillion Dollar Sector
Each year, Revista updates its size and scope of the US Healthcare Real Estate Sector. We maintain a database of all hospital, medical office (MOB) and other healthcare properties located …
Ventas – Ardent Deal – Premium Price for a Premier Portfolio? – Part 1
The recently announced Ventas (NYSE: VTR) acquisition of Ardent Health services caught many healthcare real estate investors by surprise. Questions have arisen such as what are they buying, is the …
Ventas – Ardent Deal – Premium Price for a Premier Portfolio? – Part 2
Part one of this post established comparative pricing for the Ventas/Ardent hospital real estate deal compared to Revista’s industry averages. We established that Ventas is paying a slight premium (compared …
Ventas Completes Merger of HCT, MOB cap rate at 6.2%!
Ventas recently completed its previously announced $2.6 Billion acquisition of American Realty Capital Healthcare Trust (HCT). HCT’s portfolio spans 147 total properties including medical office buildings (78), seniors housing (46), post-acute/SNF …
While MOB Rent Levels are Strongest in Coastal Markets, Rent Growth is Fastest Elsewhere
For healthcare tenants in costal markets such as Los Angeles, San Jose or San Francisco, it is understood that higher rent levels come with the territory. Historically hard to build, high demand markets on the coasts have allowed rent levels to build over the years. In fact, the 2 most expensive rent markets (of the top 50 metros) for MOBs in 3Q23 are San Jose ($45.81 avg NNN rent) and San Francisco ($41.00 avg NNN rent).
Will Outpatient Growth Come from On or Off Campus In 2018?
The Revista mid-year 2017 construction report says to expect 20.9 million square feet (SF) of MOB deliveries in 2018, which would be a rise of 10% over 2016’s 19.0 MSF …