Contact Us
News

MOBs Steal Investors' Hearts

Chicago

Want to get a jump-start on upcoming deals? Meet the major Chicago players at one of our upcoming events!

MOBs Steal Investors' Hearts
Savills’ Jeffrey Cooper

Savills’ Jeffrey Cooper leads an MOB team that's acted as financial adviser for $1.3B in MOB sales around the US in the past several months. That includes advising affiliates of HSA PrimeCare for the sale of a four-building portfolio in Champaign-Urbana and elsewhere. The buyer, Griffin-American Healthcare REIT of Newport Beach, paid $30M for the Class-A properties that are up to 100% leased.

Provena Urbana medical office building in Urbana

The 47k SF, 100%-leased Provena Urbana MOB in Urbana. While this asset class doesn’t have the feast-or-famine price swings of offices, its cap rates on in-place income for Class A properties have fallen to about 6%-7% from double digits 10 years ago, Jeffrey says. One reason: 80% of MOB leases are renewed