NEWMARK KNIGHT FRANK

$444M+ in MOB Transactions for August 2019

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

Fifty-six medical office building transactions closed in August, totaling over $444 million or 2.243 million square feet. California had the most medical office building transactions with 8 (14.29% of total), followed by Arizona with 6 sales (10.71% of total). The average deal size was $10 million. Rabsky Group’s $95 million acquisition of Maynard Building was the largest transaction during August, according to Real Capital Analytics.

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Source: Real Capital Analytics, as of September 25, 2019

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2019 Healthcare Real Estate Outlook