$371M in MOB Transactions for January 2020

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

Fifty-one medical office building transactions closed in January, totaling over $371 million and 1.64 million square feet. Texas had the most medical office building transactions with 8 (15.7% of total), followed by California with 7 sales (13.7% of total). The average deal size was $9.5 million at $321 per square foot. The largest single property transaction was Crescent Heights’s $54.25 million acquisition of the Wilshire Center Building, followed by the Taj Mahal Medical Center’s $42 million acquisition by Healthcare Realty Trust. There were 11 portfolio transactions; Welltower’s acquisition of five properties over five states totaling 179,000 square feet was the largest.


Source: Real Capital Analytics, as of February 26, 2020

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