Newmark’s U.S Healthcare Capital Markets leadership team includes (from left to right): Vice Chairmen John Nero, Jay Miele and Ben Appel; Senior Managing Director Michael Greeley; and Vice Chairman Justin Shepherd.
Photo courtesy of Newmark

Cover Story: Q&A with Newmark’s HRE group

After $4.3 billion in 2025 volume, the team discusses its 2026 outlook By John B. Mugford It was only five years or so ago, in 2020, when the U.S. Healthcare Capital Markets team at New York-based Newmark Group Inc. (Nasdaq: NMRK) was built “from the ground up,” as one of the professionals on the team […]

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Feature Story: MOB sales increased in 2025

Feature Story: MOB sales increased in 2025

GlobeSt. panel says a more receptive lending environment buoyed investment Session also offered an inside look at the historic Welltower portfolio transaction By John B. Mugford As far as the owners of healthcare real estate (HRE) facilities are concerned, there are several reasons to be optimistic that the transaction market is seeing an uptick from […]

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Feature Story: Top 10 healthcare real estate stories of 2025

Feature Story: Top 10 healthcare real estate stories of 2025

Growing optimism, lower interest rates and the biggest MOB deal ever NATIONAL – If there was a major change in the healthcare real estate (HRE) and medical outpatient building (MOB) sector that took place in 2025, it was that optimism, at least from a growing number of professionals involved in space, was on the rise […]

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One of the 24 buildings that IRA Capital acquired from Healthcare Realty Trust is the 99,526 square foot Doctors Office Building III on the campus of the 342-bed Ascension Saint Alexius hospital in Hoffman Estates, Ill, outside of Chicago.
Photo courtesy of Newmark

Transactions: IRA acquires 24 MOBs from HR

Newmark brokered the 1.52 million s.f. sale, valued at an estimated $350 million By John B. Mugford It looks as if the strong run of medical outpatient building (MOB) portfolio sales in the second half of 2025 is going to continue right to the end of the year. HREI™ has learned that a big portfolio […]

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News Release: 2025 HREI Insights Awards Finalists announced

News Release: 2025 HREI Insights Awards Finalists announced

FOR IMMEDIATE RELEASE 13th annual awards recognize excellence in HRE development and executive leadership MINNEAPOLIS, Dec. 17, 2025 – HREI is pleased to announce the finalists of the 2025 HREI Insights Awards, the first and only national awards dedicated to recognizing excellence in the areas of healthcare real estate (HRE) development and executive leadership. The awards […]

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Lending activity increased considerably in 2025, according to the lenders, borrowers and brokers who spoke during the GlobeSt. HRE Conference “State of the Industry” panel.
HREI photoHREI™ photo

Feature Story: Healthcare: The ‘Steady Eddie’ of CRE

But expiring Obamacare subsidies, other issues concern GlobeSt. panel By John B. Mugford During what can only be described as a strong, profitable era for the owners of medical outpatient buildings (MOBs) and other types of healthcare real estate (HRE) facilities, uncertainty is perhaps the only potential dark cloud on the horizon. This uncertainty includes […]

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Feature Story: HRE demand drivers remain strong

John Chang explores the economy and this sector at the GlobeSt. conference By John B. Mugford When economist John Chang addressed the audience upon first arriving on the stage at last week’s GlobeSt. Healthcare Real Estate Conference in Scottsdale, Ariz., he shared that he’d had quite a hectic drive and was perhaps uncertain about whether […]

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The InterFace “State of the Industry” panel discussion included (from left to right) moderator Brett Levin of Blueprint, Frank Virga of TPG Angelo Gordon, Davis Rickard of Development Solutions, David Braunstein of Rethink Healthcare Real Estate,
Ryan Crowley of Healthcare Realty and Matthew Tarpley of Fifth Third Securities Inc.
Photo courtesy of InterFace Conference Group

Feature Story: REITs are selling MOBs, not buying. Why?

InterFace panelists reflect on those market dynamics and the year ahead By John B. Mugford The topic du jour during a “state of the sector” panel session at the 14th annual InterFace Healthcare Real Estate Southeast conference in mid-November in Nashville, Tenn., was the biggest arm’s length medical outpatient building (MOB) transaction of all time. […]

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Transactions: AW Property Company buys six MOBs from Healthcare Realty for $171 million

CBRE brokered sale of a Bon Secours portfolio in Greater Richmond, Va. By John B. Mugford In remaining true to its strategy of being “patient and disciplined” when it comes to making acquisitions, North Palm Beach, Fla.-based AW Property Company, a longtime healthcare real estate (HRE) firm focused on medical outpatient buildings (MOBs), closed on […]

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John and Beth Sweet in February 2023, after John won the 2022 HREI Lifetime Achievement Award. (HREI photo)

People & Companies: John Sweet, founder of Physicians Realty Trust, passes away

The self-proclaimed ‘late bloomer’ was given HREI Lifetime Achievement Award in 2022 MEQUON, Wis. – One of the healthcare real estate (HRE) sector’s best-known and most-respected professionals has passed away. John Wheaton Sweet Jr., who was born in Springfield, Mass., and spent much of his adult life in Greater Milwaukee, died this past Sunday, Nov. […]

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Transactions: Davis secures $171M refinancing

Loan from Capital One funds 820,000 s.f. portfolio, plus a $250M line of credit, By John B. Mugford Minneapolis-based Davis, one of the healthcare real estate (HRE) sector’s longest-standing firms, has secured a $171 million refinancing for a 19-property portfolio with more than 820,000 square feet of space in eight states. In addition to the […]

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Lon Mapes

Companies & People: Navigating California’s Inland Empire

Focusing on one region has made Lon Mapes the area’s go-to resource for HRE By John B. Mugford As HREI™ has noted in several articles over the years, there are certain professionals around the country who are considered to be the go-to healthcare real estate (HRE) resources in their respective markets. When it comes to […]

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Mid-year predictions of an increase in MOB portfolio sales proved true as several multi-asset deals closed in 2025.
Photo courtesy of Newmark

Transactions: 18-MOB, 750,000 s.f. portfolio closes for $323 million

Fengate Asset Management was the buyer; Newmark represents the seller, Montecito By John B. Mugford Shortly before this week’s e-newsletter deadline, HREI learned of the closing of a $323 million portfolio sale-recapitalization of a portfolio of 18 medical outpatient buildings (MOBs) and ambulatory surgery centers (ASCs) totaling about 750,000 square feet across 11 states. Brokering […]

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Feature Story: Q1-Q3 MOB sales were the lowest in a decade

Volume remains slow, Revista says, but the Remedy-Kayne deal will boost Q4 by billions By John B. Mugford Although medical outpatient building (MOB) sales volume remained mired in a slump through the first three quarters of 2025, everyone involved in the sector understands that the volume will rise dramatically in the fourth quarter (Q4). That’s […]

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One of the larger MOBs in the Welltower portfolio is the four-story, 92,696 square foot John Muir Health outpatient center at 5860 Owens Drive in Pleasanton, Calif. The facility opened in 2002 and was acquired by Welltower for $35 million in 2022.
Photo courtesy of Remedy Medical Properties

Transactions: Biggest MOB deal ever: $7.2 billion

Remedy-Kayne acquiring 296-asset, 18 million s.f. Welltower portfolio By John B. Mugford In recent weeks, speculation swirled in healthcare real estate (HRE) circles that a large transaction involving millions of square feet of medical outpatient buildings (MOBs) was in the works – a deal so large that at least one sector insider described it as […]

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Project Case Study: What happens when your anchor tenant goes bankrupt?

Project Case Study: What happens when your anchor tenant goes bankrupt?

For Anchor Health Properties, a solid investment thesis saved the day By John B. Mugford For the owner of any real estate portfolio, the bankruptcy of the anchor tenant can be potentially devastating, even in the ordinarily resilient realm of medical outpatient buildings (MOBs). “There just aren’t too many good stories in our sector over […]

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MedProperties Realty Advisors Co-Founders and Managing Principals Roman Kupchynsky (left) and Darryl Freling (center) shared their company’s story with HREI™ Publisher Murray W. Wolf during the recent InterFace HRE Conference.
Photo courtesy of InterFace Conference Group

Feature Story: Demographics, deals and dukes

MedProperties Realty Advisors managing principals share their firm’s story By John B. Mugford It was mid-2007. At the time, healthcare real estate (HRE) was a widely ignored sector within the commercial real estate industry – certainly not considered to be one of the “main food groups.” Also, although no one knew it, the Great Financial […]

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The InterFace "Investment" panel discussion included (from left to right): Ted Barr of Woodside Health, Ben Appel of Newmark, Chris Morgan of Big Sky Medical, Justin Shea of Hammes Partners and moderator Steve Leathers of Transwestern.
HREI™ photo

Feature Story: HRE sales are picking up. Here’s why.

InterFace panel cites more capital, lower rates and higher occupancies By John B. Mugford Amid a growing sense that healthcare real estate (HRE) investment activity is picking up, a group of HRE professionals who were part of a recent panel discussion said that they feel quite positive about the sector’s near-term prospects, and they explained […]

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At the recent Colliers National Healthcare Conference in New Orleans, Mike Hargrave of Revista and David Braunstein of Rethink Healthcare Real Estate discussed foreign capital, the return of the portfolio premium, cap rates, spreads and more.
Photo courtesy of Colliers

Feature Story: Foreign capital is returning to HRE

At Colliers event, presenters also discuss the return of the portfolio premium By John B. Mugford As medical outpatient building (MOB) sales start to pick up in the second half of 2025 and into 2026 – which many healthcare real estate (HRE) professionals are predicting – a certain type of buyer looks to be getting […]

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Feature Story: A steady sector with mixed signals

Feature Story: A steady sector with mixed signals

InterFace panelists take a ‘30,000 foot’ look at the state of the HRE industry By John B. Mugford Although the healthcare real estate (HRE) industry remains a fruitful, steady place for owners and operators of facilities, there are currently a few mixed signals coming from a wide variety of data points and players in the […]

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News Release: Nominations are now open for 2025 HREI Insights Awards™

News Release: Nominations are now open for 2025 HREI Insights Awards™

Nominations are due Nov. 21, 2025. The 13th annual awards will be presented at the Revista Medical Real Estate Investment Forum (MREIF) Feb. 3, 2026. MINNEAPOLIS, Sept. 19, 2025 – Nominations are now open for the 2025 HREI Insights Awards™, the first and only comprehensive national awards program totally dedicated to recognizing excellence in the areas of […]

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News Release: Just Closed - Wiles Eye Center, MO

News Release: Just Closed – Wiles Eye Center, MO

Capital Real Estate Partners Just Sold Wiles Eye Center Surgery Center | St. Joseph, Missouri Offers: 8 Transaction Details Transaction Value: $3.5 million Location: St. Joseph, MO Building Size: 11,174 SF Property Type: Surgery Center Transaction Type: Sale-Leaseback Specialty: Ophthalmology Lease Term: 10 Years Key Highlights Sale-Leaseback Single Tenant Surgery Center Property Overview CREG Healthcare successfully represented the seller in the $3.5 […]

News Release: Sila Realty Trust Completes $43.1 Million Acquisition of Oklahoma City Inpatient Rehabilitation Facility

News Release: Sila Realty Trust Completes $43.1 Million Acquisition of Oklahoma City Inpatient Rehabilitation Facility

TAMPA, Fla.–(BUSINESS WIRE)— Sila Realty Trust, Inc. (NYSE: SILA) (the “Company”, “we”, or “our”), a net lease real estate investment trust (“REIT”) with a strategic focus on investing in the growing and resilient healthcare sector, today announced the $43.1 million acquisition of an inpatient rehabilitation facility (“IRF”) located in Oklahoma City, Oklahoma (the “Nobis OKC […]

News Release: Occupancy Rate for Senior Living Communities Increased in 2025 as Construction Stalled

18 consecutive quarters of rising occupancy bolsters sector performance as lag in construction grows, adding to consumer supply pressures Strong demand for senior housing amidst limited new inventory is boosting occupancy rates and underscoring the need for sustained investment in new development, according to the National Investment Center for Seniors Housing & Care (NIC) using […]

News Release: Plaza Companies Promotes Four to New Leadership Positions

News Release: Plaza Companies Promotes Four to New Leadership Positions

Experienced Leaders Will Guide Growth, Major Projects and Community Impact Across Multiple Verticals PEORIA, Arizona (January 15, 2026) — Plaza Companies has promoted four members of its Executive Leadership Council to new leadership roles, positioning the firm for continued growth across development, asset management, construction and finance. The promotions reflect Plaza Companies’ long-standing commitment to elevating […]

News Release: JLL selected to lead leasing for New York Life’s Pembroke Pines Medical Plaza following major acquisition

News Release: JLL selected to lead leasing for New York Life’s Pembroke Pines Medical Plaza following major acquisition

New ownership launches a major capital improvement program at the Class A medical campus in one of South Florida’s strongest healthcare corridors. Pembroke Pines, FL, January 15, 2026 – JLL today announced that it has been appointed to lead agency leasing for Pembroke Pines Medical Plaza, a four-building Class A outpatient medical campus recently acquired by New […]

News Release: Broward Health Unveils Designs for New Medical Office Buildings and Parking Garage

News Release: Broward Health Unveils Designs for New Medical Office Buildings and Parking Garage

Published: Wednesday Jan. 15, 2025 Fort Lauderdale, Florida – Broward Health is excited to announce plans for the construction of two cutting-edge medical office buildings and a parking garage at Broward Health Medical Center in Fort Lauderdale and Broward Health North in Deerfield Beach. This expansion represents a major step in bolstering the system’s healthcare […]

News Release: NDH REIT Completes Series of Strategic Transactions & Adds $92M in Acquired Value, Expands to $450M in Assets

News provided by National Dental Healthcare REIT Jan 14, 2026, 12:00 ET CHICAGO, Jan. 14, 2026 /PRNewswire/ — National Dental Healthcare REIT (NDH REIT), a leader in healthcare real estate, announced a series of strategic milestones that strengthen its platform, capital position, and long-term growth trajectory. In July, NDH REIT completed the integration of U.S. […]

News Release: CBRE Arranges Sale of Stabilized MOB Anchored by Cook County Health in Chicago MSA

News Release: CBRE Arranges Sale of Stabilized MOB Anchored by Cook County Health in Chicago MSA

Press Release FOR IMMEDIATE RELEASE Chicago – January 14, 2026 – CBRE is pleased to announce that it facilitated the sale of Arlington Heights Health Center, a 72,962-square-foot medical outpatient building (MOB) located at 3250 N. Arlington Heights Road in Arlington Heights, Illinois, a submarket of Chicago. Chris Bodnar, Brannan Knott, Zack Holderman, Cole Reethof […]

News Release: ESI Negotiates New Lease & Purchase Option in South Dakota

Sturgis, South Dakota —  January 2026  — Evans Senior Investments (ESI), announced today that it successfully represented the current tenant at Dolan Creek Senior Living in facilitating a transition to a new operating partner and renegotiating the purchase option terms with both the incoming operator and the existing landlord. Dolan Creek Senior Living was developed […]

News Release: Hammes and NOVO Development break ground on new medical office building in Scottsdale, Arizona

News Release: Hammes and NOVO Development break ground on new medical office building in Scottsdale, Arizona

FOR IMMEDIATE RELEASE News provided by Hammes Jan 13, 2026, 10:00 ET Milwaukee, WI, January 13, 2026 – Hammes, a national real estate consulting, development, investment and management firm, is developing a new 34,000-square-foot medical office building in Scottsdale, Arizona, in partnership with Phoenix-based NOVO Development. The medical office building will serve as an anchor […]

News Release: Nutex Health Re-Opens Bayou City ER & Hospital in Houston

HOUSTON, Jan. 12, 2026 /PRNewswire/ — Nutex Health Inc. (“Nutex Health” or the “Company”) (NASDAQ: NUTX), a physician-led, integrated healthcare delivery system comprised of 27 state-of-the-art micro hospitals and hospital outpatient departments in 12 states and primary care-centric, risk-bearing physician networks, today announced the reopening of Bayou City ER & Hospital, located northeast of Houston at 19211 […]

News Release: National Healthcare Properties Announces Appointment of Scott Humphrey to the Board of Directors

NEW YORK, Jan. 12, 2026 (GLOBE NEWSWIRE) — National Healthcare Properties, Inc. (Nasdaq: NHPAP / NHPBP) (the “Company” or “NHP”) announced today the appointment of Scott Humphrey to the Company’s Board of Directors (the “Board”). Mr. Humphrey will serve as one of NHP’s independent directors and the chair of the Audit Committee, effective January 12, […]

News Release: FTS Secures Capital for Build-to-Suit Pipeline

News Release: FTS Secures Capital for Build-to-Suit Pipeline

Fifth Third Securities Real Estate Investment Banking team (“FTS”) served as the exclusive advisor to Oman-Gibson Associates (“OGA”), a privately-held, full-service healthcare real estate development firm based in Nashville, in securing equity and debt for a multi-state development pipeline of build-to-suit ambulatory facilities for a national for-profit health system (the “Pipeline”). FTS Managing Director Matthew […]

News Release: Announcement - Fairfield Advisors - $8,102,000 MOB Transaction (Chattanooga,Tenn.)

News Release: Announcement – Fairfield Advisors – $8,102,000 MOB Transaction (Chattanooga,Tenn.)

Fairfield Advisors announces sale of Ortho Medical Building in Chattanooga,TN – $8,102,000 Transaction – (Denver, CO.) – Fairfield Advisors, a national Real Estate Advisory firm focused on the HealthCare marketplace, facilitated the sale of the Center for Sports Medicine & Orthopaedics in downtown Chattanooga. The 30,596 square foot, single-tenant asset has been the long term […]

News Release: JLL teams up with Hexmodal to enhance healthcare facility compliance accuracy

Strategic alliance leverages digital technology to help healthcare organizations gain real-time monitoring capabilities without massive capital investment CHICAGO, Jan. 12, 2026 – JLL’s Healthcare Division today announced a strategic collaboration with Hexmodal, a leading provider of automated compliance testing technology for healthcare facilities. This alliance brings together JLL’s proven healthcare expertise with Hexmodal’s innovative smart […]