Q3 COULD SEE BIGGER RISE AS ONE MAJOR DEAL CLOSES, MORE ARE ON THE WAY
By John Mugford
The single largest medical office transaction last quarter was the $31 million sale of three floors of The Corinthian, a 57-story condo tower in New York to ProMed Properties by the family of former New York Gov. Eliot Spitzer.
Photo courtesy of Der Scutt Architect
For the second quarter in a row, medical office building (MOB) sales continued at a somewhat slower pace.
However, at least one large portfolio sale is reportedly under contract and expected to close in the third quarter (Q3). In addition, healthcare real estate professionals say other portfolios might be placed on the market soon. Should buyers close on those potential transactions, the sector could see a boost in sales volumes.
According to statistics recently released by New York-based Real Capital Analytics (RCA) Inc., which shares proprietary MOB sales data with Healthcare Real Estate Insights™,
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