Feature Story: MOB sales increased in 2025

Feature Story: MOB sales increased in 2025

GlobeSt. panel says a more receptive lending environment buoyed investment Session also offered an inside look at the historic Welltower portfolio transaction By John B. Mugford As far as the owners of healthcare real estate (HRE) facilities are concerned, there are several reasons to be optimistic that the transaction market is seeing an uptick from […]

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Feature Story: Top 10 healthcare real estate stories of 2025

Feature Story: Top 10 healthcare real estate stories of 2025

Growing optimism, lower interest rates and the biggest MOB deal ever NATIONAL – If there was a major change in the healthcare real estate (HRE) and medical outpatient building (MOB) sector that took place in 2025, it was that optimism, at least from a growing number of professionals involved in space, was on the rise […]

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One of the 24 buildings that IRA Capital acquired from Healthcare Realty Trust is the 99,526 square foot Doctors Office Building III on the campus of the 342-bed Ascension Saint Alexius hospital in Hoffman Estates, Ill, outside of Chicago.
Photo courtesy of Newmark

Transactions: IRA acquires 24 MOBs from HR

Newmark brokered the 1.52 million s.f. sale, valued at an estimated $350 million By John B. Mugford It looks as if the strong run of medical outpatient building (MOB) portfolio sales in the second half of 2025 is going to continue right to the end of the year. HREI™ has learned that a big portfolio […]

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News Release: 2025 HREI Insights Awards Finalists announced

News Release: 2025 HREI Insights Awards Finalists announced

FOR IMMEDIATE RELEASE 13th annual awards recognize excellence in HRE development and executive leadership MINNEAPOLIS, Dec. 17, 2025 – HREI is pleased to announce the finalists of the 2025 HREI Insights Awards, the first and only national awards dedicated to recognizing excellence in the areas of healthcare real estate (HRE) development and executive leadership. The awards […]

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Lending activity increased considerably in 2025, according to the lenders, borrowers and brokers who spoke during the GlobeSt. HRE Conference “State of the Industry” panel.
HREI photoHREI™ photo

Feature Story: Healthcare: The ‘Steady Eddie’ of CRE

But expiring Obamacare subsidies, other issues concern GlobeSt. panel By John B. Mugford During what can only be described as a strong, profitable era for the owners of medical outpatient buildings (MOBs) and other types of healthcare real estate (HRE) facilities, uncertainty is perhaps the only potential dark cloud on the horizon. This uncertainty includes […]

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Feature Story: HRE demand drivers remain strong

John Chang explores the economy and this sector at the GlobeSt. conference By John B. Mugford When economist John Chang addressed the audience upon first arriving on the stage at last week’s GlobeSt. Healthcare Real Estate Conference in Scottsdale, Ariz., he shared that he’d had quite a hectic drive and was perhaps uncertain about whether […]

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The InterFace “State of the Industry” panel discussion included (from left to right) moderator Brett Levin of Blueprint, Frank Virga of TPG Angelo Gordon, Davis Rickard of Development Solutions, David Braunstein of Rethink Healthcare Real Estate,
Ryan Crowley of Healthcare Realty and Matthew Tarpley of Fifth Third Securities Inc.
Photo courtesy of InterFace Conference Group

Feature Story: REITs are selling MOBs, not buying. Why?

InterFace panelists reflect on those market dynamics and the year ahead By John B. Mugford The topic du jour during a “state of the sector” panel session at the 14th annual InterFace Healthcare Real Estate Southeast conference in mid-November in Nashville, Tenn., was the biggest arm’s length medical outpatient building (MOB) transaction of all time. […]

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Transactions: AW Property Company buys six MOBs from Healthcare Realty for $171 million

CBRE brokered sale of a Bon Secours portfolio in Greater Richmond, Va. By John B. Mugford In remaining true to its strategy of being “patient and disciplined” when it comes to making acquisitions, North Palm Beach, Fla.-based AW Property Company, a longtime healthcare real estate (HRE) firm focused on medical outpatient buildings (MOBs), closed on […]

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John and Beth Sweet in February 2023, after John won the 2022 HREI Lifetime Achievement Award. (HREI photo)

People & Companies: John Sweet, founder of Physicians Realty Trust, passes away

The self-proclaimed ‘late bloomer’ was given HREI Lifetime Achievement Award in 2022 MEQUON, Wis. – One of the healthcare real estate (HRE) sector’s best-known and most-respected professionals has passed away. John Wheaton Sweet Jr., who was born in Springfield, Mass., and spent much of his adult life in Greater Milwaukee, died this past Sunday, Nov. […]

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Transactions: Davis secures $171M refinancing

Loan from Capital One funds 820,000 s.f. portfolio, plus a $250M line of credit, By John B. Mugford Minneapolis-based Davis, one of the healthcare real estate (HRE) sector’s longest-standing firms, has secured a $171 million refinancing for a 19-property portfolio with more than 820,000 square feet of space in eight states. In addition to the […]

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Lon Mapes

Companies & People: Navigating California’s Inland Empire

Focusing on one region has made Lon Mapes the area’s go-to resource for HRE By John B. Mugford As HREI™ has noted in several articles over the years, there are certain professionals around the country who are considered to be the go-to healthcare real estate (HRE) resources in their respective markets. When it comes to […]

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Mid-year predictions of an increase in MOB portfolio sales proved true as several multi-asset deals closed in 2025.
Photo courtesy of Newmark

Transactions: 18-MOB, 750,000 s.f. portfolio closes for $323 million

Fengate Asset Management was the buyer; Newmark represents the seller, Montecito By John B. Mugford Shortly before this week’s e-newsletter deadline, HREI learned of the closing of a $323 million portfolio sale-recapitalization of a portfolio of 18 medical outpatient buildings (MOBs) and ambulatory surgery centers (ASCs) totaling about 750,000 square feet across 11 states. Brokering […]

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Feature Story: Q1-Q3 MOB sales were the lowest in a decade

Volume remains slow, Revista says, but the Remedy-Kayne deal will boost Q4 by billions By John B. Mugford 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 […]

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One of the larger MOBs in the Welltower portfolio is the four-story, 92,696 square foot John Muir Health outpatient center at 5860 Owens Drive in Pleasanton, Calif. The facility opened in 2002 and was acquired by Welltower for $35 million in 2022.
Photo courtesy of Remedy Medical Properties

Transactions: Biggest MOB deal ever: $7.2 billion

Remedy-Kayne acquiring 296-asset, 18 million s.f. Welltower portfolio By John B. Mugford In recent weeks, speculation swirled in healthcare real estate (HRE) circles that a large transaction involving millions of square feet of medical outpatient buildings (MOBs) was in the works – a deal so large that at least one sector insider described it as […]

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Project Case Study: What happens when your anchor tenant goes bankrupt?

Project Case Study: What happens when your anchor tenant goes bankrupt?

For Anchor Health Properties, a solid investment thesis saved the day By John B. Mugford For the owner of any real estate portfolio, the bankruptcy of the anchor tenant can be potentially devastating, even in the ordinarily resilient realm of medical outpatient buildings (MOBs). “There just aren’t too many good stories in our sector over […]

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MedProperties Realty Advisors Co-Founders and Managing Principals Roman Kupchynsky (left) and Darryl Freling (center) shared their company’s story with HREI™ Publisher Murray W. Wolf during the recent InterFace HRE Conference.
Photo courtesy of InterFace Conference Group

Feature Story: Demographics, deals and dukes

MedProperties Realty Advisors managing principals share their firm’s story By John B. Mugford It was mid-2007. At the time, healthcare real estate (HRE) was a widely ignored sector within the commercial real estate industry – certainly not considered to be one of the “main food groups.” Also, although no one knew it, the Great Financial […]

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The InterFace "Investment" panel discussion included (from left to right): Ted Barr of Woodside Health, Ben Appel of Newmark, Chris Morgan of Big Sky Medical, Justin Shea of Hammes Partners and moderator Steve Leathers of Transwestern.
HREI™ photo

Feature Story: HRE sales are picking up. Here’s why.

InterFace panel cites more capital, lower rates and higher occupancies By John B. Mugford Amid a growing sense that healthcare real estate (HRE) investment activity is picking up, a group of HRE professionals who were part of a recent panel discussion said that they feel quite positive about the sector’s near-term prospects, and they explained […]

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At the recent Colliers National Healthcare Conference in New Orleans, Mike Hargrave of Revista and David Braunstein of Rethink Healthcare Real Estate discussed foreign capital, the return of the portfolio premium, cap rates, spreads and more.
Photo courtesy of Colliers

Feature Story: Foreign capital is returning to HRE

At Colliers event, presenters also discuss the return of the portfolio premium By John B. Mugford As medical outpatient building (MOB) sales start to pick up in the second half of 2025 and into 2026 – which many healthcare real estate (HRE) professionals are predicting – a certain type of buyer looks to be getting […]

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Feature Story: A steady sector with mixed signals

Feature Story: A steady sector with mixed signals

InterFace panelists take a ‘30,000 foot’ look at the state of the HRE industry By John B. Mugford Although the healthcare real estate (HRE) industry remains a fruitful, steady place for owners and operators of facilities, there are currently a few mixed signals coming from a wide variety of data points and players in the […]

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News Release: Nominations are now open for 2025 HREI Insights Awards™

News Release: Nominations are now open for 2025 HREI Insights Awards™

Nominations are due Nov. 21, 2025. The 13th annual awards will be presented at the Revista Medical Real Estate Investment Forum (MREIF) Feb. 3, 2026. MINNEAPOLIS, Sept. 19, 2025 – Nominations are now open for the 2025 HREI Insights Awards™, the first and only comprehensive national awards program totally dedicated to recognizing excellence in the areas of […]

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News Release: Just Closed | Covenant Health MOB (Lubbock, Texas)

News Release: Just Closed | Covenant Health MOB (Lubbock, Texas)

Berkadia Medical & Life Sciences JUST CLOSED Covenant Health MOB 3601 21st Street | Lubbock, TX Berkadia Medical & Life Sciences is pleased to announce the successful closing of the Covenant Health Medical Outpatient Building, a 20,880-square-foot medical facility located in Lubbock, Texas. Vasili Davos, Sabrina Solomiany, Chris Lashmet, Eric Lee and Kyle Saifi acted […]

News Release: Transwestern expands National Healthcare Capital Markets advisory team

News Release: Transwestern expands National Healthcare Capital Markets advisory team

FOR IMMEDIATE RELEASE Bill Boyd Joins the Firm as Senior Vice President (JAN. 8, 2026 – DALLAS) – Transwestern Real Estate Services (TRS) announces Bill Boyd has joined the National Healthcare Capital Markets team as Senior Vice President in Dallas. Reporting to Senior Managing Director Steve Leathers, Boyd will deliver data-driven capital markets and investment […]

News Release: Cushman & Wakefield Brokers $56M Sale of Five Property Oncology Center Portfolio in Western Michigan

News Release: Cushman & Wakefield Brokers $56M Sale of Five Property Oncology Center Portfolio in Western Michigan

Cushman & Wakefield For Immediate Release With buildings in Grand Rapids, Holland, North Shores and Big Rapids, portfolio encompasses 152,289 square feet and is 100% occupied GRAND RAPIDS, MI – January 8, 2026 – Cushman & Wakefield today announced it facilitated the $56 million sale of the Michigan OneOncology Cancer Center portfolio, a five-property network […]

Penny Houchens, Executive Vice President, Healthcare

News Release: Penny Houchens Named Executive Vice President of Healthcare at Gresham Smith

News provided by Gresham Smith Jan 08, 2026, 08:30 ET Houchens to Lead Strategic Growth, Leveraging Three Decades of Healthcare Design Expertise NASHVILLE, Tenn., Jan. 8, 2026 /PRNewswire/ — Gresham Smith, a leading architecture, engineering and consulting firm with more than $355 million in gross revenue, is proud to announce that Penny J. Houchens, IIDA, […]

News Release: Just Closed | Southwest Medical Village (Austin, Texas)

News Release: Just Closed | Southwest Medical Village (Austin, Texas)

Capital Markets | Healthcare & Life Sciences Just Closed CBRE Class A Medical Outpatient Facility in Fast-Growing Austin MSA Transaction Highlights Date Closed: 11/20/25 Size: 71,394 SF Occupancy: 98% Southwest Medical Village | Austin, TX CBRE U.S. Healthcare Capital Markets is pleased to announce the closing of Southwest Medical Village (the “Property”) a 71,394-square-foot medical outpatient […]

News Release: Healthcare Realty Announces Chief Financial Officer Transition

NASHVILLE, Tenn., Jan. 07, 2026 (GLOBE NEWSWIRE) — Healthcare Realty Trust Incorporated (NYSE:HR) (“Healthcare Realty” or the “Company”) today announced the appointment of Daniel Gabbay as Executive Vice President and Chief Financial Officer (“CFO”). He will be based at the Company’s Nashville headquarters and assume his new role on January 12, 2026. Since 2024, Mr. […]

News Release: IRA Capital Acquires 24 Property Medical Portfolio Spanning 1.5M SF

News Release: IRA Capital Acquires 24 Property Medical Portfolio Spanning 1.5M SF

The 24-property Portfolio is anchored by leading regional healthcare providers and features high-acuity space with extensive tenant buildouts. Irvine, CA – January 6, 2026 – IRA Capital (“IRA”), a Southern California-based real estate private equity firm, announced today the acquisition of a 1.5 million square-foot, 24-property medical facilities portfolio spanning 11 states across the United […]

News Release: Closed & Financed! 24-Property Medical Office Portfolio | 1.5M SF

News Release: Closed & Financed! 24-Property Medical Office Portfolio | 1.5M SF

NEWMARK U.S. HEALTHCARE CAPITAL MARKETS JUST CLOSED DOMINANT PROVIDERS CLOVER-LAUREL PORTFOLIO 75% OF TENANCY COMPRISED OF HOSPITALS AND JANUARY 2026 NATIONWIDE PORTFOLIO 1.5M SF THE NEWMARK U.S. HEALTHCARE CAPITAL MARKETS TEAM IS PLEASED TO ANNOUNCE THE SUCCESSFUL DISPOSITION OF THE CLOVER-LAUREL PORTFOLIO TO IRA CAPITAL. NEWMARK SERVED AS EXCLUSIVE SELL-SIDE ADVISOR AND ALSO ARRANGED THE […]

News Release: CBRE Arranges $36.4 Million Sale of 72,000 Square Foot Medical Office Building

News Release: CBRE Arranges $36.4 Million Sale of 72,000 Square Foot Medical Office Building

ESCONDIDO, Calif. – January 7, 2025 – CBRE’s Lars Eisenhauer and Dan Henry arranged the $36.4 million sale of Valley Parkway Health Center in Escondido, Calif. Neighborhood Healthcare acquired the 72,000-square-foot Class A medical office building located at 488 East Valley Parkway. Eisenhauer and Henry represented the seller, and Chris Ross and Ben Schiesl of […]

News Release: Berkadia Announces Senior Living Sale on San Francisco Bay

News Release: Berkadia Announces Senior Living Sale on San Francisco Bay

San Mateo, California – January 6, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of Atria Park of San Mateo, a 135-unit assisted living and memory care community in San Mateo, California, along the western shores of San Francisco Bay. Managing Directors Mike Garbers, Cody Tremper, Dave […]

News Release: Flagship Healthcare Properties announces groundbreaking of Wiregrass Ranch Medical Pavilion in Wesley Chapel, Florida

News Release: Flagship Healthcare Properties announces groundbreaking of Wiregrass Ranch Medical Pavilion in Wesley Chapel, Florida

Project is part of healthcare expansion within rapidly growing Wiregrass Ranch community WESLEY CHAPEL, Fla. — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, is pleased to announce the groundbreaking of Wiregrass Ranch Medical Pavilion I, a 46,000-square-foot, state-of-the-art medical office development located at Strickland Avenue and Wiregrass Ranch Boulevard in Wesley Chapel, […]

News Release: Riverside Smithfield (Va.) Hospital Officially Opens, Marking a New Era of Local Health Care Access

News Release: Riverside Smithfield (Va.) Hospital Officially Opens, Marking a New Era of Local Health Care Access

January 06, 2026 Today marks a historic milestone for Isle of Wight and surrounding communities as Riverside Smithfield Hospital (RSH) officially opened its doors to patients at 8 a.m. The new 200,000 square foot, 50-bed hospital is located at 19339 Benns Grant Blvd., represents Riverside’s long-term commitment to expanding access to high-quality care, patient-centered care […]

News Release: JLL Capital Markets arranges sale of Heartland Veterinary Partners 18-Property net lease portfolio

News Release: JLL Capital Markets arranges sale of Heartland Veterinary Partners 18-Property net lease portfolio

Highland Ventures owned multi-state veterinary portfolio generates strong investor interest with complex lease restructuring AUSTIN, Jan. 6, 2026 –  JLL Capital Markets announced today that it has arranged the sale of Highland Ventures HVP Net Lease Portfolio, an 18-property veterinary clinic portfolio spanning 10 states. JLL worked on behalf of the seller, Highland Ventures and its […]

News Release: Berkadia’s Healy & Lanzaro Secure $103M in Financing in the 4th Quarter

Charleston, South Carolina – January 6, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today that in the fourth quarter of 2025, Berkadia’s Managing Director Jay Healy and Director Andrew Lanzaro closed ten loans totaling $103 million. The activity included seven HUD 232/223(f) loans for $70 million and three bridge […]

News Release: BGO acquires state-of-the-art Lahey Medical Center, expanding its healthcare real estate footprint in the Boston region

News Release: BGO acquires state-of-the-art Lahey Medical Center, expanding its healthcare real estate footprint in the Boston region

New York (January 6, 2026) – BGO, a leading global real estate investment management firm, today announced the acquisition of Lahey Medical Center, a newly built Class A medical outpatient facility located at 20 Woodmont Avenue in Londonderry, New Hampshire. The asset is positioned within Woodmont Commons, a large-scale mixed-use master planned development that integrates […]