Feature Story: 85% of MOB investors plan to invest more in 2026

Feature Story: 85% of MOB investors plan to invest more in 2026

Optimism abounds in CBRE’s annual survey and ‘State of the Market’ webcast By John B. Mugford NATIONAL – Although there are still some potential hurdles to overcome for the healthcare real estate (HRE) sector, optimism among those involved is about as high as it can get heading into the rest of 2026. In fact, according […]

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Feature Story: U.S. healthcare industry outlook? Not great.

Feature Story: U.S. healthcare industry outlook? Not great.

During Cushman webinar, Advisory Board speaker explores the many challenges By John B. Mugford As for the current status of the U.S. healthcare system, things are not looking all that good on a number of fronts. For example, the country is on the verge of losing many of the safety nets available to the most […]

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Newmark’s U.S Healthcare Capital Markets leadership team includes (from left to right): Vice Chairmen John Nero, Jay Miele and Ben Appel; Senior Managing Director Michael Greeley; and Vice Chairman Justin Shepherd.
Photo courtesy of Newmark

Cover Story: Q&A with Newmark’s HRE group

After $4.3 billion in 2025 volume, the team discusses its 2026 outlook By John B. Mugford It was only five years or so ago, in 2020, when the U.S. Healthcare Capital Markets team at New York-based Newmark Group Inc. (Nasdaq: NMRK) was built “from the ground up,” as one of the professionals on the team […]

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Feature Story: MOB sales increased in 2025

Feature Story: MOB sales increased in 2025

GlobeSt. panel says a more receptive lending environment buoyed investment Session also offered an inside look at the historic Welltower portfolio transaction By John B. Mugford As far as the owners of healthcare real estate (HRE) facilities are concerned, there are several reasons to be optimistic that the transaction market is seeing an uptick from […]

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Feature Story: Top 10 healthcare real estate stories of 2025

Feature Story: Top 10 healthcare real estate stories of 2025

Growing optimism, lower interest rates and the biggest MOB deal ever NATIONAL – If there was a major change in the healthcare real estate (HRE) and medical outpatient building (MOB) sector that took place in 2025, it was that optimism, at least from a growing number of professionals involved in space, was on the rise […]

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One of the 24 buildings that IRA Capital acquired from Healthcare Realty Trust is the 99,526 square foot Doctors Office Building III on the campus of the 342-bed Ascension Saint Alexius hospital in Hoffman Estates, Ill, outside of Chicago.
Photo courtesy of Newmark

Transactions: IRA acquires 24 MOBs from HR

Newmark brokered the 1.52 million s.f. sale, valued at an estimated $350 million By John B. Mugford It looks as if the strong run of medical outpatient building (MOB) portfolio sales in the second half of 2025 is going to continue right to the end of the year. HREI™ has learned that a big portfolio […]

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News Release: 2025 HREI Insights Awards Finalists announced

News Release: 2025 HREI Insights Awards Finalists announced

FOR IMMEDIATE RELEASE 13th annual awards recognize excellence in HRE development and executive leadership MINNEAPOLIS, Dec. 17, 2025 – HREI is pleased to announce the finalists of the 2025 HREI Insights Awards, the first and only national awards dedicated to recognizing excellence in the areas of healthcare real estate (HRE) development and executive leadership. The awards […]

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Lending activity increased considerably in 2025, according to the lenders, borrowers and brokers who spoke during the GlobeSt. HRE Conference “State of the Industry” panel.
HREI photoHREI™ photo

Feature Story: Healthcare: The ‘Steady Eddie’ of CRE

But expiring Obamacare subsidies, other issues concern GlobeSt. panel By John B. Mugford During what can only be described as a strong, profitable era for the owners of medical outpatient buildings (MOBs) and other types of healthcare real estate (HRE) facilities, uncertainty is perhaps the only potential dark cloud on the horizon. This uncertainty includes […]

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Feature Story: HRE demand drivers remain strong

John Chang explores the economy and this sector at the GlobeSt. conference By John B. Mugford When economist John Chang addressed the audience upon first arriving on the stage at last week’s GlobeSt. Healthcare Real Estate Conference in Scottsdale, Ariz., he shared that he’d had quite a hectic drive and was perhaps uncertain about whether […]

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The InterFace “State of the Industry” panel discussion included (from left to right) moderator Brett Levin of Blueprint, Frank Virga of TPG Angelo Gordon, Davis Rickard of Development Solutions, David Braunstein of Rethink Healthcare Real Estate,
Ryan Crowley of Healthcare Realty and Matthew Tarpley of Fifth Third Securities Inc.
Photo courtesy of InterFace Conference Group

Feature Story: REITs are selling MOBs, not buying. Why?

InterFace panelists reflect on those market dynamics and the year ahead By John B. Mugford The topic du jour during a “state of the sector” panel session at the 14th annual InterFace Healthcare Real Estate Southeast conference in mid-November in Nashville, Tenn., was the biggest arm’s length medical outpatient building (MOB) transaction of all time. […]

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Transactions: AW Property Company buys six MOBs from Healthcare Realty for $171 million

CBRE brokered sale of a Bon Secours portfolio in Greater Richmond, Va. By John B. Mugford In remaining true to its strategy of being “patient and disciplined” when it comes to making acquisitions, North Palm Beach, Fla.-based AW Property Company, a longtime healthcare real estate (HRE) firm focused on medical outpatient buildings (MOBs), closed on […]

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John and Beth Sweet in February 2023, after John won the 2022 HREI Lifetime Achievement Award. (HREI photo)

People & Companies: John Sweet, founder of Physicians Realty Trust, passes away

The self-proclaimed ‘late bloomer’ was given HREI Lifetime Achievement Award in 2022 MEQUON, Wis. – One of the healthcare real estate (HRE) sector’s best-known and most-respected professionals has passed away. John Wheaton Sweet Jr., who was born in Springfield, Mass., and spent much of his adult life in Greater Milwaukee, died this past Sunday, Nov. […]

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Transactions: Davis secures $171M refinancing

Loan from Capital One funds 820,000 s.f. portfolio, plus a $250M line of credit, By John B. Mugford Minneapolis-based Davis, one of the healthcare real estate (HRE) sector’s longest-standing firms, has secured a $171 million refinancing for a 19-property portfolio with more than 820,000 square feet of space in eight states. In addition to the […]

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Lon Mapes

Companies & People: Navigating California’s Inland Empire

Focusing on one region has made Lon Mapes the area’s go-to resource for HRE By John B. Mugford As HREI™ has noted in several articles over the years, there are certain professionals around the country who are considered to be the go-to healthcare real estate (HRE) resources in their respective markets. When it comes to […]

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Mid-year predictions of an increase in MOB portfolio sales proved true as several multi-asset deals closed in 2025.
Photo courtesy of Newmark

Transactions: 18-MOB, 750,000 s.f. portfolio closes for $323 million

Fengate Asset Management was the buyer; Newmark represents the seller, Montecito By John B. Mugford Shortly before this week’s e-newsletter deadline, HREI learned of the closing of a $323 million portfolio sale-recapitalization of a portfolio of 18 medical outpatient buildings (MOBs) and ambulatory surgery centers (ASCs) totaling about 750,000 square feet across 11 states. Brokering […]

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Feature Story: Q1-Q3 MOB sales were the lowest in a decade

Volume remains slow, Revista says, but the Remedy-Kayne deal will boost Q4 by billions By John B. Mugford Although medical outpatient building (MOB) sales volume remained mired in a slump through the first three quarters of 2025, everyone involved in the sector understands that the volume will rise dramatically in the fourth quarter (Q4). That’s […]

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One of the larger MOBs in the Welltower portfolio is the four-story, 92,696 square foot John Muir Health outpatient center at 5860 Owens Drive in Pleasanton, Calif. The facility opened in 2002 and was acquired by Welltower for $35 million in 2022.
Photo courtesy of Remedy Medical Properties

Transactions: Biggest MOB deal ever: $7.2 billion

Remedy-Kayne acquiring 296-asset, 18 million s.f. Welltower portfolio By John B. Mugford In recent weeks, speculation swirled in healthcare real estate (HRE) circles that a large transaction involving millions of square feet of medical outpatient buildings (MOBs) was in the works – a deal so large that at least one sector insider described it as […]

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Project Case Study: What happens when your anchor tenant goes bankrupt?

Project Case Study: What happens when your anchor tenant goes bankrupt?

For Anchor Health Properties, a solid investment thesis saved the day By John B. Mugford For the owner of any real estate portfolio, the bankruptcy of the anchor tenant can be potentially devastating, even in the ordinarily resilient realm of medical outpatient buildings (MOBs). “There just aren’t too many good stories in our sector over […]

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MedProperties Realty Advisors Co-Founders and Managing Principals Roman Kupchynsky (left) and Darryl Freling (center) shared their company’s story with HREI™ Publisher Murray W. Wolf during the recent InterFace HRE Conference.
Photo courtesy of InterFace Conference Group

Feature Story: Demographics, deals and dukes

MedProperties Realty Advisors managing principals share their firm’s story By John B. Mugford It was mid-2007. At the time, healthcare real estate (HRE) was a widely ignored sector within the commercial real estate industry – certainly not considered to be one of the “main food groups.” Also, although no one knew it, the Great Financial […]

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The InterFace "Investment" panel discussion included (from left to right): Ted Barr of Woodside Health, Ben Appel of Newmark, Chris Morgan of Big Sky Medical, Justin Shea of Hammes Partners and moderator Steve Leathers of Transwestern.
HREI™ photo

Feature Story: HRE sales are picking up. Here’s why.

InterFace panel cites more capital, lower rates and higher occupancies By John B. Mugford Amid a growing sense that healthcare real estate (HRE) investment activity is picking up, a group of HRE professionals who were part of a recent panel discussion said that they feel quite positive about the sector’s near-term prospects, and they explained […]

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At the recent Colliers National Healthcare Conference in New Orleans, Mike Hargrave of Revista and David Braunstein of Rethink Healthcare Real Estate discussed foreign capital, the return of the portfolio premium, cap rates, spreads and more.
Photo courtesy of Colliers

Feature Story: Foreign capital is returning to HRE

At Colliers event, presenters also discuss the return of the portfolio premium By John B. Mugford As medical outpatient building (MOB) sales start to pick up in the second half of 2025 and into 2026 – which many healthcare real estate (HRE) professionals are predicting – a certain type of buyer looks to be getting […]

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Feature Story: A steady sector with mixed signals

Feature Story: A steady sector with mixed signals

InterFace panelists take a ‘30,000 foot’ look at the state of the HRE industry By John B. Mugford Although the healthcare real estate (HRE) industry remains a fruitful, steady place for owners and operators of facilities, there are currently a few mixed signals coming from a wide variety of data points and players in the […]

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News Release: Nominations are now open for 2025 HREI Insights Awards™

News Release: Nominations are now open for 2025 HREI Insights Awards™

Nominations are due Nov. 21, 2025. The 13th annual awards will be presented at the Revista Medical Real Estate Investment Forum (MREIF) Feb. 3, 2026. MINNEAPOLIS, Sept. 19, 2025 – Nominations are now open for the 2025 HREI Insights Awards™, the first and only comprehensive national awards program totally dedicated to recognizing excellence in the areas of […]

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News Release: JLL expands property management operations with IRA Capital, adding a 2 million square foot national medical office portfolio

FOR IMMEDIATE RELEASE JLL’s managed portfolio for IRA Capital will expand to 64 properties across 15 states CHICAGO, January 29, 2026– Jones Lang LaSalle Incorporated (NYSE: JLL) announced today that it has expanded its property management operations with Irvine, California-based IRA Capital, a leading private equity real estate firm focused on the U.S. healthcare real […]

News Release: Investors Set to Deploy More Capital in 2026 as U.S. Commercial Real Estate Market Stabilizes: CBRE Survey

Investor Confidence Rises with 95% Planning to Buy More Than or as Much Commercial Real Estate Assets This Year Dallas – January 29, 2026 – Investors are preparing to deploy more capital into the commercial real estate market in 2026, supported by stabilizing pricing expectations, improved fundamentals, and optimism about declining debt costs, according to […]

News Release: CBRE Expands Healthcare Capital Markets Team with Addition of Anthony Sardo

News Release: CBRE Expands Healthcare Capital Markets Team with Addition of Anthony Sardo

Dallas – January 28, 2026 – CBRE announced today that healthcare industry veteran Anthony Sardo has joined as a Senior Vice President with the firm’s U.S. Healthcare Capital Markets Debt and Structured Finance team. Based in Boston, Sardo will partner with Chris Bodnar, Brannan Knott, Zack Holderman, Cole Reethof and Jesse Greshin as part of […]

News Release: CBRE Arranges Sale of One Daniel Burnham Court Medical Building in San  Francisco

News Release: CBRE Arranges Sale of One Daniel Burnham Court Medical Building in San Francisco

San Francisco – January 28, 2026 – CBRE is pleased to announce that it facilitated the sale of One  Daniel Burnham Court, a 108,362-square-foot medical outpatient building (MOB) located in the heart of  San Francisco, California to a dominant local health system. Chris Bodnar, Brannan Knott, Zack Holderman, Cole Reethof and Jesse Greshin of CBRE […]

PMB and Sharp Rees-Stealy celebrate the grand opening on a 75,000 square-foot medical office building in Chula Vista, California

News Release: PMB and Sharp Rees-Stealy celebrate the grand opening of the new 75,000 square-foot medical outpatient building in Chula Vista, California

Streamlining the healthcare experience for the South Bay community: New, 75,000 square-foot, 3-story medical outpatient building provides a connected system of care SAN DIEGO, Jan. 28, 2026 /PRNewswire/ — PMB, a leading healthcare real estate developer, joined Sharp Rees-Stealy and local leaders to celebrate the grand opening marking the completion of the Sharp Rees-Stealy medical office […]

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News Release: InterMed Expands and Extends Lease at 84 Marginal Way in Portland, Maine

Portland, ME — January 2026 — Davis Healthcare Real Estate announced the successful expansion and long-term lease extension of InterMed at 84 Marginal Way, a prominent Class “A” outpatient medical property located in Portland’s Bayside neighborhood. The transaction secures 102,557 square feet across 10 stories, including structured parking, under a new 16-year lease term. Davis […]

News Release: MUSC Health celebrates Clements Ferry Pavilion opening

News Release: MUSC Health celebrates Clements Ferry Pavilion opening

Charleston, S.C. (Jan. 27, 2026) – MUSC Health leaders gathered with government officials to celebrate a ribbon-cutting ceremony for the MUSC Health Clements Ferry Pavilion. The medical pavilion will increase access to care for those in the surrounding communities of Berkeley and Charleston counties and bring medical specialties closer to home. The new medical pavilion […]

News Release: Berkadia Secures $39.7M in Financing for Three Skilled Nursing Facilities in Texas

Charleston, South Carolina – January 27, 2026 – Berkadia announced today that Managing Director Jay Healy and Director Andrew Lanzaro utilized Berkadia’s balance sheet to provide $39.7 million of bridge-to-HUD financing for a Fort Worth–based owner/operator of nursing homes. The two bridge loans facilitated the acquisition of three Texas skilled nursing facilities that the sponsor […]

News Release: BMO Healthcare Real Estate Finance has served as Administrative Agent on a $425 Million Term Loan.

News Release: BMO Healthcare Real Estate Finance has served as Administrative Agent on a $425 Million Term Loan.

BMO’s Healthcare Real Estate Finance group announces that it has served as Administrative Agent on a $425 million term loan with a joint venture lead by IRA Capital for acquisition of medical outpatient buildings (the “Portfolio”). The loan includes future funding for leasing expenses and capital expenditures, as well as an accordion feature to provide […]

News Release: Atkins Companies Adds 150,000 Square Feet to Third-Party Property Management Portfolio

News Release: Atkins Companies Adds 150,000 Square Feet to Third-Party Property Management Portfolio

For Immediate Release New management assignments build on long-standing relationship with Rothman Orthopaedics West Orange, N.J. (January 27, 2026) – Atkins Companies, a leading multigenerational commercial real estate development, investment and property management firm, announces it has added five medical office properties owned by Rothman Orthopaedics and its affiliates, spanning 150,000 square feet, to its […]

News Release: Vanessa Manners joins Transwestern as Southeast marketing leader

News Release: Vanessa Manners joins Transwestern as Southeast marketing leader

(JAN. 26, 2026 – ATLANTA) – Transwestern Real Estate Services (TRS) announces Vanessa Manners has joined the firm as Southeast Marketing Director in Atlanta. Aligning regional priorities with national initiatives, Manners will lead marketing operations and strategy to drive revenue and market-share growth and deliver measurable outcomes for internal and external clients. “Vanessa’s proven marketing […]

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News Release: Cushman & Wakefield Represents ShareMD in the Sale of Two South Florida Medical Office Buildings

For Immediate Release Cushman & Wakefield’s Scott O’Donnell, Mike Ciadella, Greg Miller, Miguel Alcivar, Travis Ives and Gino Lollio Represent ShareMD in its Transaction with Echo Real Estate BOCA RATON, FLORIDA, January 26, 2026 – Cushman & Wakefield announced today that the firm represented ShareMD in the sale of medical office buildings (MOB) in Fort […]

News Release: Phoenix-area seniors housing portfolio trades hands

News Release: Phoenix-area seniors housing portfolio trades hands

JLL’s Seniors Housing team arranged the sale and the Freddie Mac financing for the two Class A communities PHOENIX, Jan. 23, 2026 –  JLL Capital Markets announced today that it has completed the sale and financing of a two-property seniors housing portfolio comprising The Watermark at Morrison Ranch in Gilbert, Arizona, and Acoya Mesa in […]

News Release: Anchor Health Properties Celebrates Grand Opening of  Third HonorHealth Complete Care Facility in Phoenix, Arizona

News Release: Anchor Health Properties Celebrates Grand Opening of Third HonorHealth Complete Care Facility in Phoenix, Arizona

(Peoria, Arizona) Alongside key leadership from HonorHealth and Intuitive Health and project team members, Anchor Health Properties (Anchor), a national full-service healthcare real estate development, management, and investment company focused exclusively on medical outpatient buildings and specialty healthcare facilities, recently celebrated the completion of HonorHealth Complete Care – Lake Pleasant with a grand opening ceremony. […]

News Release: Cypress West and TPG Angelo Gordon Joint Venture Acquire Medical Outpatient Assets in Arizona and California

News Release: Cypress West and TPG Angelo Gordon Joint Venture Acquire Medical Outpatient Assets in Arizona and California

Rancho Santa Margarita, CA and Dallas, TX (January 22, 2026) — Cypress West Partners (Cypress West) in joint venture with TPG Angelo Gordon announced the acquisition of two medical outpatient buildings in Chino Hills, CA and Scottsdale, AZ, totaling 132,283 square feet of space. With these transactions, the joint venture has now acquired 13 medical […]