Transactions: Strong ride for MOB sales continues

The first quarter’s largest MOB transaction took place in Seattle, where a joint venture of Heitman and NexCore Group acquired the 225,000 square foot First Hill Medical Pavilion, which comprises three buildings, for $199 million. Photo courtesy of NexCore Group

The first quarter’s largest MOB transaction took place in Seattle, where a joint venture of Heitman and NexCore Group acquired the 225,000 square foot First Hill Medical Pavilion, which comprises three buildings, for $199 million. Photo courtesy of NexCore Group

Q1 sales were $1.95 billion – a strong total, but perhaps the start of slow falloff

By John B. Mugford

As many healthcare real estate (HRE) professionals had predicted, the strong ride for medical office building (MOB) sales continued into early 2016 after a record-setting year of 2015.

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