The recapitalized assets comprise four properties located in Texas, Arizona and Nevada, totaling approximately 315,000 square feet. On average, the seed portfolio has 92% occupancy, 4.9 years of weighted average lease term, and a diverse mix of medical tenants.
Nuveen Real Estate has moved into the healthcare sector in a big way. Since 2019, the leading investment manager has built a portfolio of more than $2.5 billion. With the sector poised for even greater growth due to the increasing popularity of MOB’s as well as the mounting demand for senior living facilities, Nuveen is planning to increase its investment.
Medical office investment remains highly desirable as the underlying market dynamics for leasing and resale remain strong. Despite reduced transaction volume, the U.S. MOB sector is showing resilience in the face of economic uncertainty.
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