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Home / Industry News

Industry News

Construction Slows in 1Q23

March 30, 2023 by Stephen Lindsey

With 23.4M for MOBs and 27.7M for hospitals, both are falling off the highs seen in 2022.

Read moreConstruction Slows in 1Q23

Lenders to the Medical Office Sector Signaling Caution, Lower Volumes

October 31, 2022 by Mike Hargrave

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

Read moreLenders to the Medical Office Sector Signaling Caution, Lower Volumes

The Medical Office Sector and GDP Growth

July 28, 2022 by Stephen Lindsey

This morning the BEA released its first official estimate of real GDP growth for 2Q2022. It came in at -0.9. The revised official rate from last quarter was -1.6, and depending on the definition used, some would now say that we are in a recession.

Read moreThe Medical Office Sector and GDP Growth

The Impact of Interest Rates on Medical Real Estate

June 23, 2022 by Chase Jarrett

The Federal Reserve announced last week a 75bps rate hike, along with continued balance sheet reduction; the largest rate hike since 1994. What does that mean? Raising interest rates is …

Read moreThe Impact of Interest Rates on Medical Real Estate

MOB Construction Outlook

June 23, 2022 by Stephen Lindsey

With the cost of construction materials continuing to rise, and interest rate hikes on the horizon, how will new MOB developments be affected?

Read moreMOB Construction Outlook

Inflationary Pressures Impacting the Revista MOB Industry Fundamentals Report

June 23, 2022 by Mike Hargrave

When looking at the same-store growth measures in the report, a pattern has emerged in recent quarters. That pattern is increasing growth in same-store revenue growth, expense growth and NOI or net operating income growth.

Read moreInflationary Pressures Impacting the Revista MOB Industry Fundamentals Report

California deal breaks all-time MOB cap-rate record

February 24, 2022 by John B. Mugford

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. 

Read moreCalifornia deal breaks all-time MOB cap-rate record

Sponsor Spotlight: GreenRock Provides Easy Access to Affordable Financing

February 24, 2022 by Nicole DeStefano

GreenRock Capital LLC provides easy access to affordable financing to fund short- and long-term capital budget requirements, new construction and large scale tenant improvements, repaid on the owner’s property tax bill.  GreenRock’s …

Read moreSponsor Spotlight: GreenRock Provides Easy Access to Affordable Financing

Physician Office Employment Now Fully Recovered

January 27, 2022 by Mike Hargrave

In what is a remarkable recovery compared to other sectors, physician office employment is now fully recovered from its losses experienced during the Covid-19 Pandemic.  We are showing a graph below …

Read morePhysician Office Employment Now Fully Recovered

3Q21 MOB Transaction Sets Record High

November 29, 2021 by Mike Hargrave

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.

Read more3Q21 MOB Transaction Sets Record High

Top 50 Metro Occupancy Rate Climbs in 3Q21 for MOBs

October 28, 2021 by Mike Hargrave

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.

Read moreTop 50 Metro Occupancy Rate Climbs in 3Q21 for MOBs

Physician Office Employment Almost Fully Recovered

September 23, 2021 by Mike Hargrave

The Covid-19 pandemic has had far reaching effects on many sectors of the US economy.  While faring better than most sectors, the physician office sector has not been immune to the pandemic’s effects. 

Read morePhysician Office Employment Almost Fully Recovered

Cornerstone, KKR form a new joint venture partnership

September 22, 2021 by John B. Mugford

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. 

Read moreCornerstone, KKR form a new joint venture partnership

MOB Project Delays Temper Deliveries, Starts Steady

August 19, 2021 by Hilda Martin

MOB project completions continue to slow in 2Q, down to 17 million square feet in annual deliveries. This is the lowest pace of deliveries in the last 6 years and represents a 32% decrease from the annual run rate of 25.1 million SF in deliveries in 1Q2020- just before the onset of COVID and all the related shutdowns, restrictions and labor shortages.

Read moreMOB Project Delays Temper Deliveries, Starts Steady

MOB Cap Rates Continue to Impress

August 18, 2021 by Mike Hargrave

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. 

Read moreMOB Cap Rates Continue to Impress

Biggest deal so far of 2021 started as a potential recapitalization

August 18, 2021 by John B. Mugford

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.

Read moreBiggest deal so far of 2021 started as a potential recapitalization

Physician Groups Continue to Monetize

August 6, 2021 by Hilda Martin

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

Read morePhysician Groups Continue to Monetize

MOBs continue to perform well, with occupancy in top 50 markets rising to 91.7%

August 6, 2021 by John B. Mugford

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. 

Read moreMOBs continue to perform well, with occupancy in top 50 markets rising to 91.7%
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