CEO SAYS FIRM IS STILL SEARCHING FOR, AND BUYING, MEDICAL OFFICE ASSETS
By John Mugford
Twelve to eighteen months ago, a medical office building (MOB) transaction usually needed to total $20 million or more to make it into the pages of this Transactions section of Healthcare Real Estate Insights™.
We simply didn’t have space to publish information about smaller deals. And a $20 million deal would have been fairly routine – typically not the lead story.
However, consider what’s going on in the MOB market right now. According to New York-based Real Capital Analytics (RCA), total MOB sales volume was down about 62 percent in the third quarter (Q3) of this compared with Q3 2007. (Please see our Page 1 story, “Q3 MOB sales take a hit”).
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