NEWMARK KNIGHT FRANK

Over $375.5M in MOB Transactions for February 2019

Article commentary by: Tina Sui, Financial Analyst, Global Healthcare Services

Sixty one medical office building transactions closed in February, totaling over $375.5 million or 1.545 million square feet. New York had the most medical office building transactions with 10 (16.3% of total), followed by California with 6 sales (9.8% of total). The average deal size was $6.2 million. CenCal Health’s $30.5 million acquisition of 4050 Calle Real in Santa Barbara, CA was the largest transaction, according to Real Capital Analytics.

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Source: Real Capital Analytics, as of April 18, 2019

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2018 Healthcare Real Estate Outlook