Proliferation of portfolio sales indicates maturation of MOB sector
Editor’s Note: This is an extended version of an article that appeared in the HREI print magazine
A growing share of MOB acquisitions are part of portfolio sales, such as 15655 Cypress Woods Medical Dr. in Houston (above), which was was included in an 11-building portfolio sold last year. (Photo courtesy of Health Care REIT Inc.)
In theory, as a real estate sector matures and grows, more and more investors with deep pockets become interested. And when large real estate investment trusts (REITs) and institutions want to make acquisitions, they go looking for more expensive and expansive portfolios instead of single, standalone facilities.
Such is the description of what’s happening in the medical office building (MOB) sector as it continues to mature before our eyes.
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