Thought Leaders: HH2C Q4 MOB Report: Large Portfolio Activity Drives 2016 Transaction Volume

Hammond Hanlon Camp LLC Fourth Quarter Medical Office Building Report:  Large Portfolio Activity Drives 2016 Transaction Volume

posted on March 14, 2017

NEW YORK — Investor appetite remained strong for medical office buildings in 2016 with a total of $8.5 billion in reported transaction volume.  It was a year marked by large portfolio sales, fueled by institutional capital.  NorthStar Realty Finance Corp. (NYSE: NRF) sold a portfolio of 38 properties with a total value of $838 million to Starwood Property Trust (NYSE: STWD).  Catholic Health Initiatives (“CHI”) monetized a portfolio of 52 properties through a sale to Physicians Realty Trust (NYSE: DOC) for $703.5 million.  Blackstone (NYSE: BX) sold a 4.5 million square foot medical office and life sciences portfolio to Ventas (NYSE: VTR) for $1.5 billion.  In the aggregate STWD, DOC and VTR acquired roughly $3 billion in medical office and related healthcare real estate, approximately 36 percent of the total $8.5 billion in sales transacted for the year.

Inside the 4Q16 MOB Quarterly Update

  • Key Transaction Highlights

  • Transaction Volume Trends

  • Regional Transaction Highlights

  • Pricing and Cap Rate Trends

  • Industry Rate Benchmark Trends

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