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Transactions: Two MOB deals totaling $430M close out 2021

Harrison Street buys 11 MOBs, KKR’s new REIT buys 15 MOBs; Newmark brokers deals

By John B. Mugford

Among the properties in the Southern Core Medical Office Portfolio acquired by KREST is the 53,000 s.f. Wise Health Campus in Argyle, Texas. (Photo courtesy of Newmark)

Perhaps there will never be quite the flurry of medical office building (MOBs) sales activity to close out a year like in 2020, when the last three days of the year saw about $800 million worth of deals transacted.

However, it’s looking more and more like the last few weeks of 2021 saw a flurry of sales as well, including two separate MOB portfolio deals totaling about $430 million that were brokered by the Healthcare Capital Markets team with Newmark Group Inc. (Nasdaq: NMRK).

In one of the transactions,

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