The fund is expected to spend approximately half of its money on the MOB asset class, underscoring the growing demand for medical office.
While there might be some conversion of other uses into medical office buildings to increase supply, these transitions are difficult.
Not only has the MOB product type survived seemingly unscathed, but it has thrived and even become a more desirable investment property type among an ever-growing pool of capital sources.
Despite lost revenue earlier in the pandemic, the medical office sector is bouncing back and will continue to be a stable and reliable asset class.
According to panelists who took part in a June 10 webinar exploring how the healthcare real estate sector is faring during the pandemic, the demand and pricing remain quite strong for medical office buildings.