NEWMARK KNIGHT FRANK

$401M+ in MOB Transactions for October 2019

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

Fifty-one medical office building transactions closed in October, totaling over $401 million or 1.74 million square feet. North Carolina and Texas had the most medical office building transactions with 9 (17.6% of total) each, followed by California with 6 sales (11.8% of total). The average deal size was $9.8 million. Paradigm Properties and North Colony Asset Management’s joint venture’s $57.5 million acquisition of 625 Mount Auburn Street was the largest transaction during October, according to Real Capital Analytics.

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Source: Real Capital Analytics, as of November 20, 2019

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2019 Healthcare Real Estate Outlook