Top Ten Metros for MOB Sales Activity
Last quarter was a record for medical office transaction volume since Revista has been tracking data, coming in at a total of $5.2B in sales. On an annual basis, that …
Real Estate Financing/Capital Markets
3Q21 MOB Transaction Sets Record High
Investors have been calling for increased transaction volumes within the MOB sector since the pandemic started to wane. If 3Q21 is any indication their calls have been right on the money.
MOB Sales Were Strong in 3Q; Sector Continues to Perform Well
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.
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.
Top Ten Markets for MOB Construction
A significant portion of outpatient construction has been concentrated in top markets in recent quarters. As of 3Q21, 15.3 million square feet, or 32% of the entire US pipeline of medical office construction was located in just 10 metros.
7 New Hospitals Open in 3Q21
Although hospital construction has certainly been affected by the pandemic, most of that impact has been on the expansion of existing hospitals, not the construction of brand new ones. As …
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.
MOB Cap Rates Continue to Impress
Cap rates for Medical Office Properties are continuing a trend of compressing during the past several years. Updated 2nd quarter, 2021 Revista data reveals the median MOB cap rate was 5.8%. This was down from 6% in 1Q21 and 6.3% one year ago.
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.
Physician Groups Continue to Monetize
Independent physician groups continue to monetize their real estate assets, reliably selling $1B+ in assets annually. As competition remains fierce for deals in the sector, this segment continues to be a source of opportunity for investors
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 Construction Starts Strong Despite Rising Costs
We\’ve all been hearing about the significant uptick in materials and labor costs associated with construction over the last number of months, particularly lumber which has been the focus of …
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, …
2021 Transactions Off to a Quiet Start after 4Q Rush of Closings
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, …
Secondary Markets Less Affected during Pandemic
The medical office building sector has held up remarkably well during the COVID-19 pandemic and continues to be an attractive asset class to investors for it’s resilience. Occupancy has remained …
Private Equity Becomes More Aggressive on MOB Pricing
Much has been made of private investors controlling the buying landscape in recent years. According to Revista, private investors have increased their share of overall MOB buying activity from 55% in 2019 to 69% in 2020 and 70% YTD in 2021.
Top Ten MOB Buyers of 2020
Despite all the difficulties of the pandemic in 2020, medical office transaction activity still kept pace with previous years. Total sales volume cleared $11.2B and these top buyers represented almost …
Revista Research – The Off Campus Debate
Revista has posted a research paper titled “2021 The Off Camus Debate”. The research piece outlines the movement of healthcare towards off campus medical office buildings and provides analysis on an off campus group of MOBs