2019 MOB deal volume continues the cooling trend after coming off historical highs in 2017. Preliminary data shows 375 MOBs traded in the first half of 2019 representing about $4.4 billion. This is down from the same period a year ago where 474 MOBs traded at $6.4 billion. While total volume may be down, a theme continues- private investors represent the greatest percentage of acquisitions. Albeit they are not as far in the lead as 2018 in large part due to the $1.25 Billion CNL portfolio acquisition by Welltower in May. The most active buyers so far this year (behind Welltower of course) are MBRE, Healthcare Realty Trust, Montecito, Anchor Health & Harrison Street. Stay tuned for final Q2 stats as we continue to monitor these trends.