Lender reports $2 billion of deals; team leader Jonathan Buehner talks with HREI
By John B. Mugford
Jonathan “Jon” Buehner
Last year, in releasing its mid-year 2024 report, the Capital One Medical Properties team, a unit of McLean, Va.-based Capital One Financial Corp. (NYSE COF), said it had closed, or was in the process of underwriting, about $1.2 billion of deals.
That was during a time of a pronounced slowdown in the sales of medical outpatient buildings (MOBs), and it was also a time when many healthcare real estate (HRE) professionals noted that lending in the sector was quite tight for acquisitions and development projects.
So far this year, MOB sales have yet to rebound to levels anywhere near the go-go years before the COVID-19 pandemic, or even the strong years of 2021-22. However, most HRE professionals are saying that debt is more available than it has been for the past two years or so, including debt for portfolio acquisitions and other larger deals topping $100 million.
The uptick is reflected in the latest data released by Capital One Medical Properties, which is part of the Capital One Healthcare Real Estate business.
Capital One’s Medical Properties team, which is the largest lender in the MOB space, says it closed or had in underwriting more than
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