Why Experts Say Now Is The Time To Buy Medical Office Buildings
Investors are paying attention to the just-released 2024 report “Emerging Trends in Real Estate” issued by PWC and the Urban Land Institute. According to the report, the U.S. healthcare industry represents 17% of the GDP, and outpatient care and care provided in medical office buildings is a significant share of the total.
Big Sky Medical Expands Dallas-Fort Worth Footprint With Medical Office Building Acquisition
The Richardson Medical Center I, a 118,472-square-foot MOB in Richardson, was just acquired by Big Sky Medical. The property is some 20 miles Northeast of downtown Dallas and surrounded by medical providers. Big Sky Medical has invested in more than 7 million square feet of Texas health-care assets valued at more than $2.2 billion.
Healthpeak Properties, Physicians Realty Trust Enter $21B Merger
The new company will operate a portfolio of 52 million square feet of health-care facilities, of which 40 million square feet represent outpatient properties in Dallas, Houston, Nashville, Phoenix and Denver. The partners expect to generate run-rate synergies of more than $40 million by the end of the first year, and $60 million by the end of the second year.