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$360M+ in MOB Transactions Closed in October 2020

Commentary by: Jessica Moore, Financial Analyst, Global Healthcare Services

Fifty-nine medical office building transactions closed in October, totaling over $360 million and 1.822 million square feet. Texas had the most medical office building transactions with nine sales (15.3% of total), followed by California with eight sales (13.6% of total). The average transaction size was $8 million. The largest transaction was IRA Capital’s acquisition of a 119,000-square-foot asset in Wisconsin from Excelsior Group for $59.25 million. There were four portfolio transactions, which contributed $57.32 million and 165,600 square feet to the monthly total. The largest portfolio transaction was the $32.85 million acquisition of two properties in Memphis, TN by Carlyle Group and Anchor Health Properties.

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Source: Real Capital Analytics, as of December 2, 2020

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