Medical Office Real Estate Trends To Watch In 2024
Until recently, MOBs were seen as an alternative asset class, but now they are more of a mainstream investment sector. Following the COVID-19 hit, the medical office building market continues to thrive, mainly due to asset specificity.
First Citizens Bank Arranges $99.3 Million For Kayne Anderson Real Estate And Remedy Medical Properties Joint Ventures
One joint venture received $75 million in loan proceeds for the acquisition of a surgical hospital, Baylor Scott & White Medical Center, located in Frisco, Texas. Another joint venture received $24.3 million in loan proceeds for the refinancing of two medical office buildings in Mississippi.
All Children’s Hospital Will Be Centerpiece Of New Pasco Development
All Children’s is the second major specialty medical center to announce plans for opening a location in Pasco in the last couple of years. Moffitt Cancer Center is the anchor of another major development project in Central Pasco. Plans call for a 775-acre global innovation center focused on cancer care and research.
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