Oct
11
Why Investors are Bullish on MOBs
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Ross: “Medical office property will continue to experience remarkably strong levels of interest from investors seeking low-risk and often high-upside assets with good cash flow.”SAN DIEGO—More physicians are acquiring medical-office buildings in San Diego, which is in keeping with the area’s entrepreneurial spirit, Chris Ross, VP of JLL’shealthcare practice group, tells GlobeSt.com. The firm recently released its San Diego medical-office report for Q2, which stated that investors remain bullish on nationwide medical-office buildings, with nearly 100% higher year-to-date sales volume. And while sales in San Diego were limited during the first half of 2015, three sales greater than $15 million have already transpired during the third quarter. In addition, San Diego MOB vacancy continues to decline and now sits at 8.7%, down from 10.3% a year ago. We spoke exclusively with Ross about what attracts investors to MOBs nationally and in this market…
