Average MOB Deal Size Of $11.9 Million For October 2018

Article commentary by: Will Burnette, Global Healthcare Services

Eighty five medical office building transactions closed in October, totaling over $897.5 million or 2.85 million square feet. New York had the most medical office building transactions with 11 (13% of total), followed by California and Arizona both with 9 sales (10.6% of total). The average deal size was $11.9 million. Kayne Anderson’s $192 million acquisition of Montecito’s Medical Portfolio was the largest transaction during October with a total of 9 properties, according to Real Capital Analytics. Further, Kayne Anderson was the greatest buyer by volume with this purchase.


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