The 13 million-rentable-square-foot portfolio spans 33 states and includes 106 floating-rate mortgages secured by 308 medical office building assets. The properties, sponsored by blue-chip institutional investors, are 92.3 percent leased on a long-term basis, and 35 percent are anchored by hospitals.
The first half of the year volume for MOB sales was down … but, as is typically the case with a complex, robust industry like HRE, however, there is much more going on than meets the eye.
The healthcare real estate sector is expected to continue performing well due to demand tailwinds such as the aging population in the country. In just over a decade, for the first time in U.S.history, people aged at least 65 years are expected to outnumber those under the age of 18.