Hot Property: An offering for the times

The MMRE Portfolio should whet the appetites of today’s hungriest, largest investors

Name: MMRE Portfolio
Number of buildings: 17
Square feet: 813,467
Location: 9 states
Seller: Montecito Medical Real Estate
Occupancy: 96.9%
Investment grade: 40%
Lease structures: triple net
Brokerage: CBRE
Brokers: Christopher R. Bodnar, Lee
Asher, Sabrina Solomiany, Ryan Lindsle

Coming off what could be called the “year of the portfolio” for medical office building (MOB) sales in 2017, 2018 also looks as if it will be rife with some substantial portfolio offerings and sales as well.

After four sizeable portfolio sales kicked off the year during the first quarter (Q1), two new large offerings hit the market in mid-April.

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