InterFace panelists say there’s still a lot of capital flowing into the MOB space
By John B. Mugford
The Feb. 1 InterFace Healthcare Real Estate West “Investment Market Update” panel discussion included (from left to right): Elliott Sellers of Anchor Health Properties, Jay Gangwal of IRA Capital, Jon Sajeski of Sila Realty Trust, Joe Dominguez of Dominguez Capital Advisory and moderator Travis Ives of Cushman & Wakefield. (Photo courtesy of InterFace Conference Group)
What a difference a year can make.
At the InterFace Healthcare Real Estate (HRE) West conference in Los Angeles in February 2022, a panel discussion devoted to HRE investing was titled, “Who’s Buying, Who’s Selling and Transaction Trends in the Red-Hot Investment Sales Market.”
And rightfully so. The HRE sector was indeed “red-hot” at the time, as sales of medical office buildings (MOBs) had totaled a record $18.6 billion in 2021, according to data from Arnold, Md.-based Revista. Fourth quarter (Q4) 2021 MOB sales of $7.4 billion set another a record – the greatest total ever for a single quarter.
But “hot” changed to “not” last year.
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
