GLOBAL HEALTHCARE SERVICES

NEWMARK KNIGHT FRANK

$472M+ in MOB Transactions Closed in July 2020

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

Forty-eight medical office building transactions closed in July, totaling over $472 million and 1.790 million square feet. California had the most medical office building transactions with 9 (18.8% of total), followed by Georgia and Florida with 4 each (8.3% of total). The average deal size was $11 million. The largest transaction was the acquisition of the 219,000-square-foot Mercy Wellness Center by Mercy in Oklahoma for $106.5 million.

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

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