NEWMARK KNIGHT FRANK

February MOB Sales

A total of 73 medical office building transactions closed in the month of February totaling over $921 million or 3.17 million square feet. Texas had the most medical office building transactions with 13 (18% of total), followed by California with 10 (14% of total). The average deal size was $12.3 million, and Heitman’s $585 million acquisition from Bentall Kennedy was the largest transaction for the month. Heitman was also the most active buyer with this acquisition.

(Source: Real Capital Analytics, Inc.)

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