Over $900.7M in MOB Transactions for November 2018

Article commentary by: Will Burnette, Global Healthcare Services

Eighty one medical office building transactions closed in November, totaling over $900.7 million or 2.9 million square feet. Texas had the most medical office building transactions with 10 (11.8% of total), followed by Illinois with 8 sales (9.4% of total). The average deal size was $11.8 million. Bulfinch’s JV with Harrison Street and National RE Advisors' $160.5 million acquisition of Clarion Partners' 10 Brookline Place in Brookline, MA was the largest transaction during November closing at a 5.1% cap rate, according to Real Capital Analytics. Further, they were the greatest buyers by volume with this purchase.


(Source: Real Capital Analytics, Inc.)

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