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 2 quarters, $5.4B of MOBs have traded with the 1st and 2nd quarter registering $2.7B each. This compares to $9.7B, which traded during the first half of 2017 and $5.0B, which traded during the first half of 2016. Its too early to say if levels will rise or fall further through 2018 but we are aware of several large deals still out there. Look for our upcoming mid-year transactions reports which will update these trends and dive into the details.