GLOBAL HEALTHCARE SERVICES

NEWMARK KNIGHT FRANK

$922M in MOB Transactions Closed in June 2020

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

Fifty-four medical office building transactions closed in June, totaling over $922 million and 2.55 million square feet. California had the most medical office building transactions with seven sales (13.0% of total), followed by Texas with six sales (11.1% of total). The average deal size was $20 million. The largest individual property transaction was the 76,000-square-foot acquisition of Clinical Labs of Hawaii by Safehold Inc. for $45 million. Kayne Anderson’s $318 million acquisition of a 13-property portfolio from Welltower was the largest portfolio transaction, totaling 689,000 square feet across 11 states.

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Source: Real Capital Analytics, as of July 22, 2020

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