Healthcare real estate investment trusts, or REITs, are on the prowl to buy MOB properties because supply is low and MOB tenets usually lead to stable lease revenue.
“The buyers with access to capital, mostly the REITs, are locking up more and more of the supply, and their practice is to buy and hold. The property isn’t going to turn again on the market,” Mindy Berman, managing director of JLL’s healthcare capital markets, told National Real Estate Investor. “If I’m the CFO of a hospital today, this is the best time to sell.”
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