NEWMARK KNIGHT FRANK

April MOB Sales: Intercontinental RE’s Estimated $275M Acquisition

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.

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(Source: Real Capital Analytics, Inc.)

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