The first quarter’s largest MOB transaction took place in Seattle, where a joint venture of Heitman and NexCore Group acquired the 225,000 square foot First Hill Medical Pavilion, which comprises three buildings, for $199 million. Photo courtesy of NexCore Group
Q1 sales were $1.95 billion – a strong total, but perhaps the start of slow falloff
By John B. Mugford
As many healthcare real estate (HRE) professionals had predicted, the strong ride for medical office building (MOB) sales continued into early 2016 after a record-setting year of 2015.
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