GLOBAL HEALTHCARE SERVICES

NEWMARK

$1.5B+ in MOB Transactions Closed in December 2020

Commentary by: Jessica Moore, Financial Analyst, Global Healthcare Services

One hundred and seventy four medical office building transactions closed in December 2020. Even though 13 states (including DC) were without a closing in the month of December, the transaction volume totaled $1.57 billion and over 3.58 million square feet.

The largest single property transaction was Healthcare Realty Trust’s acquisition of the Saddleback Valley Medical Center in Laguna Hills, CA. HRT acquired the 135,904-square-foot property for $84 million.

The largest portfolio transaction was the Welltower/Wafra portfolio consisting of 24 properties and totaling $550 million. The second largest transaction was the Grace Office Portfolio. Made of up 16 dialysis centers in South Carolina, the 139,738-square-foot portfolio was acquired by American Finance Trust for $23 million.

Overall, year-end 2020 transaction volume for medical office building transactions totaled over $10.8 billion with June, December and March posting the highest volume per month ($1.6B+, $1.5B+, and $1.15B+ respectively). Together these three months accounted for 40% of total sales in 2020.

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National MOB Transaction Volume (By Month)

Source: Real Capital Analytics preliminary data, as of January 20, 2021

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.

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