The Revista “Acquisitions transactions Market Outlook – Equity” panel included (from left to right): moderator Gino Lollio of Cushman & Wakefield, Erin Bremen of Remedy Medical Properties, George Ross of Harrison Street and Michael Carney of Heitman. (HREI™ photo)
Revista investor panel foresees more purchases, fundraising and sales in 2025
By John B. Mugford
On the surface, the medical outpatient buildings (MOBs) sales volume numbers for 2024 looked just fine, coming in at $13.6 billion. That marked a nearly 40 percent increase from 2023, when the sales volume dropped to an eight-year low of $8.2 billion.
However, as many professionals involved in MOB sales are aware, the 2024 volume was bolstered by more than $4 billion worth of sales involved in the merger of Denver-based Healthpeak Properties Inc. (NYSE: DOC) and Physicians Realty Trust, which took place in the first quarter (Q1). If that $4 billion-plus is subtracted from the equation, the year’s quarterly volumes would have ranged from $2.2 billion to about $2.6 or $2.7 billion.
Those are quite low compared to most of the quarterly volumes in recent years. And, from an anecdotal perspective of professionals involved in healthcare real estate (HRE) property sales in one form or another, there simply hasn’t been as much activity, both from potential buyers and potential sellers in the past couple of years.
But
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