InterFace panel says buyer and seller pricing expectations have narrowed
By John B. Mugford
The State of HRE Sector panel discussion at the recent InterFace Healthcare Southeast Conference comprised (from left to right): moderator Sushil Puria of Cushman & Wakefield, PJ Camp of H2C Fifth Third Capital Markets, Ryan Crowley of Healthcare Realty Trust, David Braunstein of Rethink Healthcare Real Estate, Lee Asher of Colliers International and Russell Brown of Virtus Real Estate Capital. (Photo courtesy of InterFace Conference Group)
Well, it seems there is both good news, albeit a somewhat small amount, and bad news – a pretty big, significant chunk of bad news, actually – concerning the current state of medical office building (MOB) investing.
The good news is that despite the steady rise in interest rates that has stifled the market, pricing for transactions has generally stabilized recently.
That’s according to Lee E. Asher, vice chair and leader of the Healthcare Capital Markets Practice with Colliers International (Nasdaq: CIGI), who was part of a panel discussion during the InterFace Healthcare Real Estate Southeast Conference, which was held in early November at the Doubletree Nashville Downtown.
“It does feel like we’re maybe getting to the normalization phase right now, after all of the uncertainty that started in the first half of 2022, when no one could understand where anything was going to trade,” said Mr. Asher, one of the sector’s long-standing MOB sales brokers. “Currently, we kind of feel like
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