IRA buys seven FEDs in Arizona; HR sells two MOBs in Wash.; CBRE brokers both deals, which total about $70 million
By John B. Mugford
Among the buildings that were part of two portfolio deals totaling about $70 million that were recently brokered by CBRE is the 50,486 square foot West Pavilion II on the campus of the 226-bed Multicare Yakima Memorial Hospital in Yakima, Wash. (Photo courtesy of CBRE)
As we noted last week, the volume of medical office building (MOB) portfolio deals seems to be picking up.
After reporting on a $67 million, four-MOB transaction last week acquired by Remedy Medical Properties and Kayne Anderson Real Estate, HREI this week is reporting another pair of portfolio deals totaling about $70 million.
Although the portfolio sales are perhaps smaller than several that are expected to close in the coming weeks and months, they are significant, especially considering how slow MOB sales – particularly portfolio sales – have been so far in 2025.
One of the portfolios sold for $39.8 million while the other sold for $30 million; both prices are estimated. The U.S. Healthcare Capital Markets team with CBRE Group Inc. (NYSE: CBRE) brokered the sales of both portfolios, which were sold by separate sellers and acquired by separate buyers.
In one of the portfolio deals,
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
