GLOBAL HEALTHCARE SERVICES

Blog and News

Article commentary by: Jessica Moore, Financial Analyst, Global Healthcare Services

Medical office building transactions totaled over $2 billion and 5.4 million square feet for the month of November. North Carolina had the most transactions with 10 (20.8% of total), followed by California with 7 (14.6% of total). The 48 total transactions evenly consisted of individual properties and portfolio transactions.

Portfolio transactions were up significantly from October, where they made up only 14% of the total volume. The 24 portfolio transactions totaled $1.76 billion and 4.5 million square feet. The largest transaction was Invesco Real Estate’s $850 million acquisition of a 35-property W...

Read more

Article commentary by: Jessica Moore, Financial Analyst, Global Healthcare Services

Fifty-one medical office building transactions closed in October, totaling over $401 million or 1.74 million square feet. North Carolina and Texas had the most medical office building transactions with 9 (17.6% of total) each, followed by California with 6 sales (11.8% of total). The average deal size was $9.8 million. Paradigm Properties and North Colony Asset Management’s joint venture’s $57.5 million acquisition of 625 Mount Auburn Street was the largest transaction during October, according to Real Capital Analytics.

temp-post-image

Source: Real Capital Analytics, as of November 20, 2019

Article commentary by: Tina Sui, Financial Analyst, Global Healthcare Services

65 medical office building transactions closed in June, totaling over $652 million or 1.985 million square feet. California had the most medical office building transactions with 11 (16.92% of total), followed by Washington with 7 sales (10.77% of total). The average deal size was $10.8 million. The sale of Genesee Plaza in San Diego for $90 million was the largest transaction during June, according to Real Capital Analytics.

temp-post-image

Source: Real Capital Analytics, as of July 25, 2019

Article commentary by: Tina Sui, Financial Analyst, Global Healthcare Services

Seventy-eight medical office building transactions closed in March, totaling over $574.2 million or 2.587 million square feet. California had the most medical office building transactions with 13 (16.67% of total), followed by North Carolina with 11 sales (14.10% of total). The average deal size was $8.97 million. Welltower’s $64.8 million acquisition of an office portfolio in NC was the largest transaction during February, according to Real Capital Analytics.

temp-post-image

Source: Real Capital Analytics, as of May 22, 2019

Article commentary by: Will Burnette, Global Healthcare Services

Eighty five medical office building transactions closed in October, totaling over $897.5 million or 2.85 million square feet. New York had the most medical office building transactions with 11 (13% of total), followed by California and Arizona both with 9 sales (10.6% of total). The average deal size was $11.9 million. Kayne Anderson’s $192 million acquisition of Montecito’s Medical Portfolio was the largest transaction during October with a total of 9 properties, according to Real Capital Analytics. Further, Kayne Anderson was the greatest buyer by volume with this purchase.

temp-post-image

Article commentary by: Will Burnette, Global Healthcare Services

Sixty seven medical office building transactions closed in September, totaling over $561 million or 1.85 million square feet. California had the most medical office building transactions with 12 (18% of total), followed by Pennsylvania with 8 (12% of total). The average deal size was $8.7 million. Hammes partners $62 million acquisition of the HMI portfolio was the largest transaction during September. Further, Hammes was the greatest buyer by volume with this purchase.

temp-post-image

Article commentary by: Will Burnette, Global Healthcare Services

112 medical office building transactions closed in August, totaling over $994 million or 3.6 million square feet. California had the most medical office building transactions with 15 (13.4% of total), followed by Texas with 14 (12.5% of total). The average deal size was $10.4 million. Everest Healthcare Properties' $108.2 million acquisition of the Rendina Healthcare MOB was the largest transaction during August. Catalyst was the greatest buyer by volume purchasing 19 properties at just over $150 million.

temp-post-image

(Source: Real Capital Analytics, Inc.)

Article commentary by: Will Burnette, Global Healthcare Services

73 medical office building transactions closed in the month of April, totaling over $605 million or 2.7 million square feet. Texas had the most medical office building transactions with 11 (15% of total), followed by California with 10 (14% of total). The average deal size was $14.04 million, and Intercontinental RE’s estimated $275 million acquisition of Harvard University’s Four Blackfan Circle was the largest transaction for the month. Intercontinental was also the largest buyer in terms of dollars.

temp-post-image

(Source: Real Capital Analytics, Inc.)

A total of 71 medical office building transactions closed in the month of March, totaling over $537 million or 1.99 million square feet. California had the most medical office building transactions with 12 (17% of total), followed by Florida with 9 (13% of total). The average deal size was $9.09 million, and Chevalier Int’l Holdings $116 million acquisition of the Conventus Medical building in Buffalo, NY was the largest transaction for the month. Chevalier Int’l Holdings was also the most active buyer with this acquisition in terms of dollars spent.

(Source: Real Capital Analytics, Inc.)

temp-post-image

Article Commentary by: Garth Hogan, Global Healthcare Services

Year over year, we are seeing record-breaking M&A activity in 2017 and it’s expected to increase in 2018 as the healthcare industry moves forward with consolidations.

Article Written by: Ayla Ellison, Becker's Hospital Review, January 8, 2018

From major nonprofit health systems coming together for market power and population health to health insurance companies seeking growth in other business areas, 2017 was an exciting year for mergers and acquisitions in the healthcare industry...

Read the full article here

temp-post-image
Photo: AP

All information contained in this publication is derived from sources that are deemed to be reliable. However, Newmark has not verified any such information, and the same constitutes the statements and representations only of the source thereof, and not of Newmark. Any recipient of this publication should independently verify such information and all other information that may be material to any decision that recipient may make in response to this publication, and should consult with professionals of the recipient's choice with regard to all aspects of that decision, including its legal, financial, and tax aspects and implications. Any recipient of this publication may not, without the prior written approval of Newmark, distribute, disseminate, publish, transmit, copy, broadcast, upload, download, or in any other way reproduce this publication or any of the information it contains. This document is intended for informational purposes only and none of the content is intended to advise or otherwise recommend a specific strategy. It is not to be relied upon in any way to predict market movement, investment in securities, transactions, investment strategies or any other matter.

Download Our
Brochure


Sign Up for Our Newsletter

COVID-19 HeaTHCARE REAL ESTATE UPDATE