MOB Acquisitions Hit Record $5.5B H1 2017

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During the first half of 2017, nearly $5.5-billion in medical office buildings traded hands. That record volume rivaled the total in 2012 through 2014, according to new research from JLL.

The prime contributor in the high level of activity was HTA’s $2.2 billion acquisition of the Duke Realty healthcare portfolio in June. The balance of first half acquisitions was $3.2 billion, which was consistent with first half volume in 2015 and 2016, years with record overall sales.

JLL believes with additional major transactions such as the $612.5 million Meadows & Ohly portfolio in Atlanta and more in the pipeline, it’s possible that 2017 will shatter the 2015 record of $9 billion. The marketplace has been responsive in creating new supply, whether from developer-built portfolios or via providers or investors.

Pictured: Department of Veterans Affairs’ Ambulatory Care Center in Loma Linda, CA

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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MOB Acquisitions Hit Record $5.5B H1 2017

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National CRE News In Your Inbox.

MOB Acquisitions Hit Record $5.5B H1 2017

Inside The Story

About Dennis Kaiser