NEWMARK KNIGHT FRANK

Over $470.6M in MOB Transactions for January 2019

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

Sixty four medical office building transactions closed in January, totaling over $470.6 million or 1.977 million square feet. Wisconsin had the most medical office building transactions with 8 (12.9% of total), followed by Texas and Florida with 6 sales each (9.3% of total). The average deal size was $8.7 million. Montecito Medical’s $75.3 million acquisition of Irgens WI & IL Office Portfolio was the largest transaction during January, according to Real Capital Analytics.

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Source: Real Capital Analytics, March 21, 2019

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