Relentlessly red-hot investment market accelerated to another record during Q3
By John B. Mugford
Among the buildings that were part of the largest MOB transaction in Q3 was this facility in Goodyear, Ariz. The MOB was part of a four-building portfolio acquired by Physicians Realty Trust. The seller was Integrated Medical Services (Photo courtesy of IMS)
With just one quarter left in 2015, the total dollar volume of medical office building (MOB) sales for the year was approaching, and was certainly on a course to surpass, the record-setting total of a 2014.
That 2015 is turning out to be an incredible year comes as no surprise to most everyone who follows the sector – except, perhaps, to the extent to which sales have exceeded those in 2014.
“As (a record-setting) 2014 was coming to an end, I made a prediction that we would see even more dollar volume in 2015,” John Smelter, first VP of investments and the senior director of the Healthcare Real Estate Group at Marcus & Millichap, recently told a gathering of healthcare real estate professionals.
“But I had no idea that it would be as big of a year as it has been.”
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