Eight-Building MOB Portfolio In Florida, Texas, Tennessee And North Carolina Sells For $91 Million

A joint venture between Chicago-based Remedy Medical Properties and Boca Raton, Fla.-based Kanye Anderson Real Estate purchased the 177,000-square-foot portfolio that included five properties in Florida and one each in Texas, North Carolina,Tennessee and North Carolina.

Investors Target Medical Office In Defensive Play

Marcus & Millichap predicts that medical office vacancy will decrease to 9.2%, down 20 basis points and 40 basis points above pre-COVID levels.  Meanwhile, the firm predicts rent growth in the neighborhood of 2.5% to an average of $22.61 per square foot,

BioMed Realty Buys 1 Million-Square-Foot Flatiron Park Portfolio In Boulder

The roughly 1,000,000-square-foot, 22-building campus was sold by Crescent Real Estate. About 15% of Flatiron Park is home to life sciences tenants and part of BioMed’s investment will be upgrading buildings to bring that percentage closer to 50%. As the local portfolio grows, the company which also has a development arm, may consider adding administrative and support offices in Colorado.