Lasting Effects of the Pandemic – Telehealth
In March, when most of the country shut down in order to slow the spread of COVID 19, when one needed to see the doctor, in many cases the only …
Real Estate Financing/Capital Markets
Lenders to the Medical Office Sector Signaling Caution, Lower Volumes
The inverted yield curve usually signals an upcoming recession. Rates have been rising dramatically for several months. Given the uncertainty, Revista decided to conduct a quick survey of major
Limited Transaction Volume to Start 2025
The preliminary 1Q25 numbers are in, and they show that transaction volume has been slow to kick off the year. $1.5 billion worth of MOBs traded in the 1st quarter, and $8.9 billion traded over the past year. This suppressed level of activity is . . .
Look at the Hot Medical Office Money!
By Mindy Berman, Managing Director at JLL Public MOB-specialist REITS were the top buyers in early 2017 by a long stretch – their share prices were nicely rewarded given …
Market of Interest: Seattle
Below is a chart showing the 20 largest markets in the US and some key statistics relating to inventory and sales activity. They are ordered by the markets that have …
Medical Office Inventory Growing at a Slower Rate
Over the past year or two, new construction projects have faced the headwinds of elevated labor, material, and financing costs. Because of this, we are now seeing inventory growth running at a slower pace. The graph below shows the amount of MOB square footage that finished construction on an annual basis, as a percentage of the inventory. The average over the past 10 years is about . . .
Medical Office Sales Volume Still High, but Buyers are Changing
As REITs pull back on acquisitions and focus more on refining their portfolios, private equity groups have more than taken up the slack. Total healthcare real estate transaction volume may …
Medical Office Transaction Volume Showing Signs of Moderating
Following a record year for transactions when $16.6B worth of MOBs traded hands, overall volume is showing signs of moderating through the first 2 quarters of 2018. During the first …
Medical Properties Trust to Buy Capella Healthcare
Medical Properties Trust (NYSE: MPW) has recently announced they were acquiring the real estate of seven hospitals as well as an interest in the operations of Capella Healthcare in a …
Medical Real Estate Sector Posts Record Volume in 2017
Revista has posted its 2017 Year End Transactions Reports for subscribers to its data service. By most accounts, 2017 was a record year for the sector in terms of transaction …
Medical Real Estate Transaction Activity at Record Levels , Will it Continue?
The medical real estate sector is seeing increasing levels of transaction activity, particularly across hospital real estate and medical office buildings. The graph below details the general trend but preliminary …
Metro Highlight – Charlotte
Ah Charlotte. She’s been miss popularity for a number of years now. Although 22nd in rank for population, Charlotte is one of the fastest growing cities in the nation. Over …
Metro Highlight – Houston
With a burgeoning population, no certificate of need requirement and an expanse of space in which to build – you might be led to believe that a Texas metro like Houston …
Metro Highlight – Minneapolis
Minneapolis is not even in the top ten metros when it comes to total number of medical properties in a market. In fact, it’s ranked at 13. Yet this unassuming …
Metro Highlight – Phoenix
Phoenix is an investor favorite for sure. While nationwide roughly 65% of medical office space is user owned, in Phoenix only 30% is user owned. A whopping 70% of inventory …
Metro Highlight: San Francisco
In past metro highlights we’ve talked about growth markets with lots of construction activity, interesting markets with innovative health systems, metros with the highest sales volume, but what about the …
MOB Cap Rates Coming Off Lows
Medical Office Building (MOB) capitalization rates are trending up from their lows set in late 2017 and early 2018. The average cap rate for MOBs was 6.7% in the 1st …
MOB Cap Rates Compress Across the Board
The overall average cap rate for outpatient medical buildings has previously remained steady at around 6.7% for a number of quarters. Last year we pointed out that although the overall …