Owners likely to put more assets up for sale, InterFace panelists say
By John B. Mugford
The InterFace HRE Carolinas investment panel discussion included (from left to right): moderator Murray W. Wolf of HREI, Andrew Dhionis of Flagship Healthcare Properties, Matthew Tarpley of Fifth Third Securities, Matt Poulos of Capital One, Chris Lashmet of Berkadia and Zack Drozda of AW Property Co.
Photo courtesy of InterFace Conference Group
In what was undoubtedly a slow opening to 2025, the medical outpatient building (MOB) sales volume in the first quarter (Q1) dropped to – at least in preliminary data – a low point for the past decade.
The primary reason for that drop, according to a panel of professionals involved in MOB sales, was that facility owners and would-be sellers were playing the waiting game since last fall.
Among the events potential sellers were awaiting were the following: the U.S. Federal Reserve Bank to cut interest rates; the presidential election to be over; and, after that, the inauguration to take place to get a clear picture of what President Donald Trump’s policies would be and to see them in action.
“The fact that we had the lowest sales volume in Q1 doesn’t surprise me,” said Chris Lashmet, managing director of investment sales with New York-based Berkadia, adding that it looks to him as if the waiting game is over for an increasing number of MOB owners and potential sellers.
“We’ve started to see more product on the market over the past two months or so,” he said. “So, to the question of, ‘When are we going to see more activity?’ in my opinion,
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