Revista confirms that total volume topped $11 billion for the fifth straight year in 2020
By John B. Mugford
Healthpeak’s $169 million acquisition of seven Midwestern MOBs from a joint venture of Heitman and NexCore was one of the largest transactions of Q4 2020. This MOB at 396 Remington Blvd. in Bolingbrook, Ill., was part of portfolio. (Photo courtesy of Healthpeak)
In late January, Arnold, Md.-based Revista, a research firm focused on providing a wide variety of healthcare real estate (HRE) data to its subscribers, reported that medical office building (MOB) sales had “preliminarily” totaled $10.2 billion in 2020.
The reason for the “preliminary” tag was that Revista was presenting the data just a few weeks after the end of 2020, not giving it enough time to track down all of the sales that took place, including a flurry of transactions that totaled well over $600 million in the last few days of the year.
In presenting the $10.2 billion sales figure, as well as many other statistics, Jan. 26 during Revista’s first of six planned informational webcasts planned for 2021, Hilda Flower Martin, a principal, said “there are still more (transactions) coming in, so this ($10.2 billion figure) is definitely going to be revised upward. I wouldn’t be surprised if it doesn’t get close to or surpass $11 billion, which is right in line with what we’re typically seeing (in recent years) in the sector.”
Ms. Martin’s prediction was indeed correct, as Revista recently released its final MOB sales statistics for 2020, with the volume coming in at
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