RevistaMed data: MOB sales reached a low point in 2023; but, occupancies, rents increased
By John B. Mugford
Hilda Martin and Mark Hargrave of Revista shared preliminary Q4 2023 data during a webcast last Thursday (Jan. 18). (HREI photo)
Perhaps the last year or so has not been a great time to be a prospective buyer of medical office buildings (MOBs), but it certainly has been a good time to be an owner of such facilities.
With interest rates rising quite dramatically during the past year or more, and acquisition financing harder to come by, the MOB sales volume fell to a low point in 2023 compared to every year dating back to 2016, according to the most recent statistics from Arnold, Md.-based Revista, which compiles and distributes healthcare real estate (HRE) and MOB data for its subscribers.
Principals Hilda Martin and Mike Hargrave presented the most recent data from the fourth quarter of 2023, as well as the whole year, during the firm’s RevistaMed 2023 Fourth Quarter (Q4) Subscriber Webcast Thursday, Jan. 18.
As Mr. Hargrave noted during the presentation, MOB sales fell to about
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