H2C INDUSTRY INSIGHTS • REAL ESTATE
 

Philip J. Camp                      

Principal                                    

212.257.4505                        

pcamp@h2c.com                          

 

Jay J. Miele

Managing Director

212.257.4515

jmiele@h2c.com

 

John P. Nero

Director

212.257.4502

jnero@h2c.com

 

Brady R. Stern

Vice President

312.508.4203

bstern@h2c.com

 

Matthew T. Tarpley

Vice President 

212.257.4516

mtarpley@h2c.com

 

ATLANTA

3333 Piedmont Road
Suite 725
Atlanta, GA 30305
404.937.1350

 

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.

 

MEDIA CONTACT

Kelly T. Duong
Hammond Hanlon Camp LLC
858.242.4810
kduong@h2c.com

NEW YORK

623 Fifth Avenue
29th Floor
New York, NY 10022
212.257.4500

 

CHICAGO

311 South Wacker Drive
Suite 5425
Chicago, IL 60606
312.508.4200

 

SAN DIEGO

4655 Executive Drive

Suite 280
San Diego, CA 92121
858.242.4800

MOB Transaction Volume Dips Dramatically, While Cap Rates and Pricing Remain Flat
posted on March 24, 2019

 

NEW YORK — Following a strong year for the medical office building (“MOB”) sector, 223 properties transacted in the first quarter of 2019, for a total dollar volume of $1.7 billion—the lowest quarterly dollar volume since the first quarter of 2014 across the lowest number of properties since the first quarter of 2016.

 

The steep drop in transaction volume (down 32 percent compared with Q1 2018) is noteworthy; however, it is also in line with the year-over-year volume declines for other asset types. The broader commercial office market, of which medical offices comprise approximately 19 percent, is down 35 percent year over year.

 

Not all data coming out of Q1 is negative, however. Average price per square foot for MOBs hit an all-time high of $303 per square foot, and average MOB cap rates crept up just 12 basis points in the first quarter, barely affecting the trailing 12-month average cap rate, which totaled 6.68 percent.