Editor’s Letter: The ‘greatest’ time


By John B. Mugford

Dear Reader:

You might have turned to Page 3 of this month’s publication only to find that someone stole our Transactions report. Actually, for the first time since the founding of our newsletter – or at least as far as we can remember – we’ve published an issue without a Transactions section.

We decided to do this in part because we have so much other news and information to report – there wasn’t much room, to tell you the truth. But we also decided to hold that section because the number of transactions, the size of the medical office buildings (MOBs) sold, as well as the prices paid, were, well, quite paltry.

This lack of sizable sales is certainly substantiated by our Page 1 report showing that in the volume of quarterly MOB sales dropped to its lowest level since 2001, according to statistics we received from Dan Fasulo and the folks at New York-based Real Capital Analytics (RCA) Inc.

But some industry veterans say that a new monetization boom could start as soon as the second half of this year, or within the next 12 months.

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