GLOBAL HEALTHCARE SERVICES

NEWMARK

$463M in MOB Transactions for February 2020

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

Fifty-eight medical office building transactions closed in February, totaling more than $463 million and 2.18 million square feet. California had the most medical office building transactions with nine sales (15.5% of total), followed by Texas with seven sales (12.1% of total). The average deal size was $10.7 million. The largest transaction was the only portfolio transaction of the month: Urban Edge acquired Kingswood Plaza II, a 109,623 square foot building for $76 million. The largest single property transaction was ShareMD’s acquisition of an approximately 490,000 square foot facility in Florida for $67 million.

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Source: Real Capital Analytics, as of March 25, 2020

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