NEWMARK KNIGHT FRANK

March MOB Sales

A total of 71 medical office building transactions closed in the month of March, totaling over $537 million or 1.99 million square feet. California had the most medical office building transactions with 12 (17% of total), followed by Florida with 9 (13% of total). The average deal size was $9.09 million, and Chevalier Int’l Holdings $116 million acquisition of the Conventus Medical building in Buffalo, NY was the largest transaction for the month. Chevalier Int’l Holdings was also the most active buyer with this acquisition in terms of dollars spent.

(Source: Real Capital Analytics, Inc.)

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2018 Healthcare Real Estate Outlook