GLOBAL HEALTHCARE SERVICES

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

All information contained in this publication is derived from sources that are deemed to be reliable. However, Newmark Knight Frank has not verified any such information, and the same constitutes the statements and representations only of the source thereof, and not of Newmark Knight Frank. Any recipient of this publication should independently verify such information and all other information that may be material to any decision that recipient may make in response to this publication, and should consult with professionals of the recipient's choice with regard to all aspects of that decision, including its legal, financial, and tax aspects and implications. Any recipient of this publication may not, without the prior written approval of Newmark Knight Frank, distribute, disseminate, publish, transmit, copy, broadcast, upload, download, or in any other way reproduce this publication or any of the information it contains. This document is intended for informational purposes only and none of the content is intended to advise or otherwise recommend a specific strategy. It is not to be relied upon in any way to predict market movement, investment in securities, transactions, investment strategies or any other matter.

Download Our
Brochure

Sign Up for Our Newsletter

COVID-19 HeaTHCARE REAL ESTATE UPDATE