$360M+ in MOB Transactions Closed in October 2020

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

Fifty-nine medical office building transactions closed in October, totaling over $360 million and 1.822 million square feet. Texas had the most medical office building transactions with nine sales (15.3% of total), followed by California with eight sales (13.6% of total). The average transaction size was $8 million. The largest transaction was IRA Capital’s acquisition of a 119,000-square-foot asset in Wisconsin from Excelsior Group for $59.25 million. There were four portfolio transactions, which contributed $57.32 million and 165,600 square feet to the monthly total. The largest portfolio transaction was the $32.85 million acquisition of two properties in Memphis, TN by Carlyle Group and Anchor Health Properties.


Source: Real Capital Analytics, as of December 2, 2020

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

Sign Up for Our Newsletter