The Shift In Medical Office Building Sales: A New Era For Sellers
The evolving landscape presents opportunities for both buyers and sellers in the MOB sector, indicating a potential return to a more active and dynamic market.
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Hospitals Don’t Always Cure What Ails A Neighborhood, As One City Learned
Hospitals wield a larger effect on a local economy than universities, according to the research. Yet despite their economic clout, hospitals tend to raise rents and home prices in the surrounding area less than universities in the U.S., and the area around a hospital will have a lower residential real estate value than the local average.
Nashville-Based Montecito Continues Fast Pace Acquisition Number In Qtr. 1 2024 With 11 Medical Office Building Deals
Montecito Medical, a leading acquirer of medical office properties nationwide, continued its fast pace during the first quarter of 2024.
Some of the company’s latest acquisitions included properties tenanted by market-leading providers ranging from the Mountain West to the eastern seaboard:
Montecito Continues Fast Pace in Q1 Medical Office Acquisitions with 11 MOB Deals (IMAGE CREDIT: Business Wire)
- Springfield Clinic / Peoria, IL
- Alpine Orthopaedics / North Logan, Logan, & Brigham City, UT
- Advocate Aurora Health / Germantown, WI
- Minnesota Women’s Care / Maplewood & Apple Valley, MN
- Virginia Women’s Center / Richmond, VA
- McIver Clinic / Jacksonville, FL
“We continue to see great interest from medical office owners and provider groups seeking to monetize their real estate, and we are helping them make the most of their opportunities not only to build wealth but also to build stronger practices and better serve patients,” said Chip Conk, CEO of Montecito Medical.
Source: Valdosta Daily Times
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