Volume remains slow, Revista says, but the Remedy-Kayne deal will boost Q4 by billions
By John B. Mugford
The $2 billion in Q3 MOB sales volume brought the total to about $5.9 billion, the lowest total for the first three quarters during any of the past 10 years, according to Revista. (Slide courtesy of Revista)
Although medical outpatient building (MOB) sales volume remained mired in a slump through the first three quarters of 2025, everyone involved in the sector understands that the volume will rise dramatically in the fourth quarter (Q4).
That’s because of the massive Q4 transaction that involves a partnership of Chicago-based Remedy Medical Properties and Boca Raton, Fla.-based Kayne Anderson Real Estate acquiring a majority ownership interest in a portfolio of 296 medical outpatient buildings (MOBs) with more than 18 million square feet of space from Toledo, Ohio-based Welltower Inc. (NYSE: WELL) for $7.2 billion, before any tenant purchase options or rights of first refusals (ROFRs).
The first tranche, for about $2 billion, of the multi-tranche deal closed in late October, with further tranches set to close in the coming weeks, with perhaps up to $6 billion worth closing by the end of 2025, Remedy CEO Peter Westmeyer tells HREI.
As for Q3,
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