September 6, 2017
During the first half of 2017, nearly $5.5-billion in medical office buildings traded hands. That record volume rivaled the total in 2012 through 2014, according to new research from JLL.
The prime contributor in the high level of activity was HTA’s $2.2 billion acquisition of the Duke Realty healthcare portfolio in June. The balance of first half acquisitions was $3.2 billion, which was consistent with first half volume in 2015 and 2016, years with record overall sales.
JLL believes with additional major transactions such as the $612.5 million Meadows & Ohly portfolio in Atlanta and more in the pipeline, it’s possible that 2017 will shatter the 2015 record of $9 billion. The marketplace has been responsive in creating new supply, whether from developer-built portfolios or via providers or investors.
Pictured: Department of Veterans Affairs’ Ambulatory Care Center in Loma Linda, CA
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