Sales of Medical Office Properties, Though Healthy, Trail Behind Last Year’s Levels
Sep 13, 2016 | Diana Bell | National Real Estate Investor
After a stellar 2015, investment sales volumes and construction activity in the medical office sectorare showing a healthy pace. But whether 2016 will top last year’s activity levels may just be a matter of politics.
In the 12 months spanning from July 2015 to June 2016, 665 healthcare properties representing more than 40.4 million sq. ft. of space were sold nationally, according to medical real estate information company Revista Med. The total dollar volume came to $12.24 billion. At this point last year, that figure stood at $13.7 billion.
“Investing activity appears to be leveling out right now, after highs in 2014 and 2015,” says Hilda Martin, principal with the company. “Cap rates are steady the last few quarters.”
