NEWMARK KNIGHT FRANK

$1.4B+ in MOB Transactions for December 2019

Article commentary by: Jessica Moore, Financial Analyst, Global Healthcare Services

106 medical office building transactions closed in December, totaling over $1.4 billion or 5.026 million square feet. California had the most medical office building transactions with 16 (15.1% of total), followed by Texas with 11 sales (10.4% of total). The average deal size was $16 million. Welltower’s $786 million acquisition of a Hammes Partners 29-building portfolio was the largest portfolio transaction; Westbrook Partners $33.9 million acquisition in San Diego was the largest single property transaction during the month, according to Real Capital Analytics.

temp-post-image

Source: Real Capital Analytics, as of January 27, 2020

Download Our
Brochure

Sign Up for Our Newsletter

2019 Healthcare Real Estate Outlook