NEWMARK KNIGHT FRANK

December MOB Sales

123 medical office building transactions closed in the month of December 2017 totaling over $1.7 billion or 5.4 million square feet. Minnesota had the most medical office building transactions with 26 (21% of total), followed by Georgia with 12 (10% of total). The average deal size was $20.8 million, and Harrison Street’s $401.4 million acquisition of the IRET MOB Portfolio represented the largest medical office transaction for the month. Harrison Street was also the most active buyer with this acquisition.

(Source - Real Capital Analytics, Inc.)

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