H2C INDUSTRY INSIGHTS • REAL ESTATE
ABOUT HAMMOND HANLON CAMP LLC
Hammond Hanlon Camp LLC (“H2C”) is an independent strategic advisory and investment banking firm committed to providing superior advice as a trusted advisor to healthcare organizations and related companies throughout the United States. H2C’s professionals have a long track record of success in healthcare mergers & acquisitions, capital markets, real estate, and restructuring transactions, acting as lead advisors on hundreds of transactions representing billions of dollars in value. Hammond Hanlon Camp LLC offers securities through its wholly-owned subsidiary H2C Securities Inc., member FINRA/SIPC. For more information, go to h2c.com
REAL ESTATE INVESTMENT BANKING PRACTICE
The real estate investment banking professionals at H2C have successfully served as advisor for over 20 years on real estate transactions in excess of $12.5 billion nationwide. For more information on our real estate advisory group, please contact one of the adjacent H2C professionals.
Kelly T. Duong
Hammond Hanlon Camp LLC
623 Fifth Avenue
New York, NY 10022
3333 Piedmont Road
Atlanta, GA 30305
311 South Wacker Drive
Chicago, IL 60606
Philip J. Camp
Jay J. Miele
John P. Nero
Matthew T. Tarpley
4655 Executive Drive
San Diego, CA 92121
REITs Step Up in the 4th Quarter to Polish Off Solid
Year of Transaction Volume in Medical Office Space
“Market Equilibrium” = Cap Rates Hover + Alignment of Seller
and Buyer Expectations + Capital Available
posted on March 14, 2019
NEW YORK — Minimal volatility and a steady pipeline of sizable acquisition opportunities were catalysts for another great year in the medical office building (“MOB”) sector following 2017’s record transaction volume. Over the course of 2018, 1,172 properties sold, totaling $12.8 billion—10 percent lower than 2017’s volume of 1,315 properties and $14 billion in dollar volume. Despite the dip in volume, average MOB cap rates and average prices on a per-square-foot basis generally held 2017 levels ($287 per square foot), thus exhibiting market equilibrium for the asset class.
Inside the 4Q18 MOB Quarterly Update:
Key Transaction Highlights
Transaction Volume Trends
Regional Transaction Highlights
Pricing and Cap Rate Trends
Industry Rate Benchmark Trends
Should you have any questions or desire to discuss the sector with an H2C professional, information about the firm and how to contact us is presented at the end of the report.
Thank you for your interest in this publication.
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