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Home / Industry News / The Hottest Metros in 2018

The Hottest Metros in 2018

March 28, 2019 by Mike Hargrave Topics: Industry News, Mergers/Acquisitions, Real Estate Financing/Capital Markets, Revista News

Overall transaction volume for Medical Office Buildings (MOB) were down in 2018 versus 2017. According to Revista’s Year End 2018 Medical Real Estate Transactions report, MOB transaction volume was $11.9B in 2018 compared to $15.8B in 2017. While volume was down in 2018, it was on par with 2016’s volume of $11.7B and 2015’s volume of $11.8B.

So what markets were investors targeting in 2018? Below are the 5 most active MOB markets ranked by 2018 MOB transaction volume. New York’s volume in 2018 was $1.3B which was 2.75x 2017’s volume. Houston was the 2nd most active market in 2018. The $886M of transaction volume in Houston was buoyed by LaSalle’s ~$405M purchase of the Memorial Hermann Medical Plaza. Harrison Street Realty capital drove Chicago’s volume of $693M with their purchase of the DuPage Medical Group Portfolio. And Milwaukee’s volume of $400M was in large part due to Aurora Healthcare’s purchase of ~18 MOBs from Welltower.

Most Active MOB Markets 2018

Top Metros 2018

 

 

 

 

 

 

Mike Hargrave
Mike Hargrave

Other Articles by Mike Hargrave:

    • TTM MOB Cap Rate Trends Showing a 20-30 Basis Points (bps) Sequential Rise
    • Lenders to the Medical Office Sector Signaling Caution, Lower Volumes
    • Inflationary Pressures Impacting the Revista MOB Industry Fundamentals Report

Previous Post:A Value-add, Repurposing MOB Project with Plenty of Entitlement Risk Looks to be Paying off for Longtime Sector Investor Seavest
Next Post:Hospital Construction Booming in Philadelphia

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