Feature Story: HRE activity is showing an encouraging uptick

Feature Story: HRE activity is showing an encouraging uptick

New RevistaMed data reveals a rise in both sales and development By John B. Mugford This might be the news we’ve been waiting for. One year ago, at the Revista Medical Real Estate Investment Forum (MREIF) in Palm Beach Gardens, Fla., the Revista team reported that healthcare real estate (HRE) activity had remained “muted” during […]

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Feature Story: PJ Camp: There from the beginning

Feature Story: PJ Camp: There from the beginning

He closed $17 billion in transactions and helped to create the HRE sector By John B. Mugford In a way, perhaps Philip J. “PJ” Camp did stumble into a business sector that, while it would eventually take off and grow, wasn’t even considered a business sector back in the mid-1990s. But then again, he does […]

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News Release: 2025 HREI Insights Awards Winners announced

News Release: 2025 HREI Insights Awards Winners announced

FOR IMMEDIATE RELEASE Healthcare Real Estate Insights™ presents awards to the 2025 winners of the only comprehensive national program recognizing excellence in healthcare real estate RANCHO PALOS VERDES, Calif., Feb. 3, 2026 – Healthcare Real Estate Insights™ has announced the Winners of the 2025 HREI Insights Awards™, the only national awards dedicated to recognizing excellence […]

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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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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: Cushman & Wakefield Arranges $53 Million Sale of Two Fully Leased Medical Office Buildings in Riverside County

News Release: Cushman & Wakefield Arranges $53 Million Sale of Two Fully Leased Medical Office Buildings in Riverside County

Riverside County, CA –  Cushman & Wakefield announced today that the real estate services firm has arranged the sale of two fully leased, institutional-quality medical office buildings totaling 85,204 square feet in Riverside County. The properties, located at 8876 Mission Boulevard in Jurupa Valley and 2813 S Main Street in Corona, were sold for $25,000,000 […]

News Release: CBRE Announces the Sale of the Summer Street Medical Portfolio

News Release: CBRE Announces the Sale of the Summer Street Medical Portfolio

Stamford, CT – The CBRE team of Jeff Dunne, Steve Bardsley and Travis Langer, in collaboration with Brannan Knott and Chris Bodnar of CBRE’s U.S. Healthcare Capital Markets, represented the Seller, Summer Street Properties, LLC in the sale of the Summer Street Medical Portfolio. CBRE also procured the Buyer, Albany Road-Summer Street LLC, and entity […]

Thoughts Leaders: CBRE U.S. Healthcare Capital Markets | 2026 Investor & Developer Survey Results

Thoughts Leaders: CBRE U.S. Healthcare Capital Markets | 2026 Investor & Developer Survey Results

CBRE U.S. HEALTHCARE CAPITAL MARKETS Investor & Developer Survey Results CBRE 2026 Investor and Developer Survey Results CBRE’s U.S. Healthcare & Life Sciences Capital Markets is pleased to present the 2026 findings of our 16th annual Investor & Developer Survey. Our main goal in creating the survey was to discover key patterns and forces driving […]

News Release: JLL selected to oversee Brown University Health’s 4.5M-SF real estate portfolio

News Release: JLL selected to oversee Brown University Health’s 4.5M-SF real estate portfolio

JLL will lead systemwide portfolio strategy, brokerage and transaction management across more than 150 properties, including six hospital campuses statewide PROVIDENCE, RI, Feb. 12, 2026 – JLL announced today that it has been selected by Brown University Health (BUH) in Rhode Island to support the strategic oversight and management of its combined Brown University Health […]

News Release: Cushman and Wakefield MOB Capital Markets 2026 Outlook

News Release: Cushman and Wakefield MOB Capital Markets 2026 Outlook

Cushman & Wakefield MOB Capital Markets 2026 Outlook Lower Rates and Strong Fundamentals Fuel Market Momentum  Medical Outpatient Building (MOB) capital markets gained momentum in late 2025 as lower interest rates, improved sentiment, and rising transaction volume signaled a clear recovery heading into 2026. Portfolio activity—particularly major trades like Welltower’s large disposition—helped drive record-setting fourth‑quarter volume, […]

News Release: Simone Development Companies Signs Long-Term Lease with WellLife Network at Hutchinson Metro Center in The Bronx

News Release: Simone Development Companies Signs Long-Term Lease with WellLife Network at Hutchinson Metro Center in The Bronx

BRONX, NY (February 12, 2026) – Simone Development Companies announces the signing of a new long-term lease for 4,290 square feet of office space with WellLife Network at the Atrium building located at 1776 Eastchester Road within the company’s Hutchinson Metro Center campus in The Bronx, NY. WellLife Network, a nonprofit health and human services […]

News Release: Novant Health unveils monumental plans to improve health in the Wilmington region, including major expansions in heart and vascular care, a new rehabilitation hospital and comprehensive facility updates

News Release: Novant Health unveils monumental plans to improve health in the Wilmington region, including major expansions in heart and vascular care, a new rehabilitation hospital and comprehensive facility updates

Plans are powered by a significant local investment in healthcare infrastructure, advancing Novant Health’s long-term strategic vision for the Coastal Region WILMINGTON, N.C. – Novant Health’s board of trustees has approved construction plans to launch the healthcare infrastructure needed to meet the Wilmington region’s needs for decades to come. The approval supports the master facility plan […]

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

News Release: Healthcare Realty Reports Fourth Quarter 2025 Results

NASHVILLE, Tenn., Feb. 12, 2026 (GLOBE NEWSWIRE) — Healthcare Realty Trust Incorporated (NYSE:HR) today announced results for the fourth quarter ended December 31, 2025 and introduced full year 2026 guidance. “2025 represented a transformational year for Healthcare Realty,” commented Peter Scott, the Company’s President and Chief Executive Officer. “Our operational team delivered same-store growth that continues […]

News Release: Healthcare Realty Trust Announces $600 Million Commercial Paper Program

NASHVILLE, Tenn., Feb. 12, 2026 (GLOBE NEWSWIRE) — Healthcare Realty Trust Incorporated (NYSE:HR) (the “Company”) today announced the establishment of its inaugural commercial paper program. The program allows the Company’s operating partnership, Healthcare Realty Holdings, L.P. (the “Issuer”), to issue up to $600 million of short-term, unsecured commercial paper notes. The notes will be sold […]

The Residence at Selleck's Woods

News Release: Pair of Fairfield County, Connecticut, seniors housing communities sold

JLL Capital Markets led the sales efforts for The Residence at Selleck’s Woods in Darien and The Residence at Summer Street in Stamford BOSTON, Feb. 11, 2026 –  JLL Capital Markets announced today that it has arranged the sale of a pair of seniors housing communities in Southern Connecticut. The Residence at Selleck’s Woods is […]

News Release: Remedy Medical Properties Expands Southern California Leasing Team with New Hires

News Release: Remedy Medical Properties Expands Southern California Leasing Team with New Hires

Chicago, Illinois — [February 11, 2026] — Remedy Medical Properties (“Remedy”) announced today the addition of Joe Zurek and Caitlin Dolan to its Southern California leasing team, expanding the firm’s presence across the region. Zurek joins Remedy as Vice President from Cushman & Wakefield, where he served as a Director with the National Healthcare Advisory […]

News Release: JLL report finds rising costs and regional variations challenge healthcare facilities

News Release: JLL report finds rising costs and regional variations challenge healthcare facilities

2026 Medical Outpatient Building Fit-Out Cost Guide details essential cost benchmarks for projects across the U.S. CHICAGO, Feb. 11, 2026 – Increased demand for outpatient medical care, widening cost variables and limited new construction are shaping the fit-out landscape for medical outpatient buildings (MOB) across the United States. JLL’s 2026 Medical Outpatient Building Fit-Out Cost […]

News Release: Welltower Issues Business Update

News Release: Welltower Issues Business Update

TOLEDO, Ohio, Feb. 10, 2026 /PRNewswire/ — Welltower® Inc. (NYSE: WELL) has issued the following business update which can be found at: https://welltower.com/feb-10-26-business-update About Welltower Welltower Inc. (NYSE: WELL), an S&P 500 company, is positioned at the center of the silver economy, focusing on rental housing for aging seniors across the United States, United Kingdom, […]

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

News Release: Welltower Reports Fourth Quarter 2025 Results

TOLEDO, Ohio, Feb. 10, 2026 /PRNewswire/ — Welltower Inc. (NYSE: WELL) today announced results for the quarter ended December 31, 2025. Fourth Quarter and Other Recent Highlights Reported net income attributable to common stockholders of $0.14 per diluted share Reported quarterly normalized funds from operations attributable to common stockholders of $1.45 per diluted share, an […]

News Release: Ackerman & Co. Arranges Acquisition of Medical Office Property in Decatur, Ga.

Atlanta, Feb. 6 , 2026 – Sean Patrick, Senior Vice President at Ackerman & Co., has completed the acquisition of 1435 McLendon Drive, a 3,504-square-foot medical office building in Decatur, Ga. Patrick represented the buyer, a large, prominent Arthritis and Rheumatology medical practice, which will occupy the single-story freestanding building. 1435 McLendon Drive is positioned […]