NEWMARK KNIGHT FRANK

$1.9B+ in MOB Transactions for April and May 2019

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

April 2019:

83 medical office building transactions closed, totaling over $470.2 million or 2.371 million square feet. California had the most medical office building transactions with 15 (18.07% of total), followed by Florida with 9 sales (10.84% of total). The average deal size was $7.23 million. MB Real Estate’s $30.2 million acquisition of 3640 Medical Arts & Conference Center was the largest transaction, according to Real Capital Analytics.

May 2019:

126 medical office building transactions closed, totaling over $1.468 Billion or 5.339 million square feet. North Carolina had the most medical office building transactions with 23 (18.25% of total), followed by Texas with 18 sales (14.29% of total). The average deal size was $13.6 million. Welltower’s $1.25 billion acquisition of CNL Healthcare MOB Portfolio was the largest transaction during May, according to Real Capital Analytics.

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Source: Real Capital Analytics

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2018 Healthcare Real Estate Outlook