A Healthy Year for Medical Office Buildings Sales in Houston

by CoyDavidson on December 23, 2017

Texas Orthopaedic & Sports Medicine

Houston Medical Office Building Sales (2017)

The medical real estate sector is seeing increasing levels of transaction activity. Nationally, medical office building (MOB) sales were at record levels through the first three quarters of 2017 and Houston remains a major healthcare real estate market on the radar of healthcare real estate investors including publicly traded REIT’s and private equity investors. The Houston healthcare sector has been resilient despite the energy downturn of recent years and is projected to add 8,000 healthcare jobs in 2018.

Colliers International has tracked thirty-five (35) medical office building sales in the Houston marketplace in 2017 for buildings greater than 10,000 square feet. In comparison, healthcare real estate data firm, Revista reported thirty-three (33) medical office building sales in the Dallas-Fort Worth market in 2017.  Healthcare Trust of America was the most active investor of Houston medical office buildings in 2017 with the acquisition of  ten (10) area medical office properties.

Houston Medical Office Building Sales (2017)

PropertySquare FeetPurchaser
Katy Convenient Care Center30,000Caddis Healthcare Real Estate
Spring Convenient Care Center33,674Caddis Healthcare Real Estate
Red Oak Professional Building40,315IFF Red Oak Holding LP
Cypress Station Medical Building54,111SMB Cypress Station Properties
Medical Place 1170,554Medical Properties Trust
George W. Strake Medical Building458,569Medical Properties Trust
St. Joseph Woman's Outpatient Center102,946Medical Properties Trust
Kingwood Professional Plaza32,100MedProperties Holdings
Oak Bend Doctors Center - Grand Parkway60,000MedProperties Holdings
Oak Bend Doctors Center - Southwest56,175MedProperties Holdings
Conroe Medical Plaza24,659MedProperties Holdings
Sugar Land Medical Pavilion78,616Norvin Properties
11301 Fallbrook61,866NAI Properties
Houston Hospital for Specialized Surgery34,600Inland Real Estate Acquisition
USPS Surgical Institute37,000Inland Real Estate Acquisition
3074 College Park14,573 Dream Medical Management
Memorial Hermann Medical Plaza I71,224Healthcare Trust of America
Memorial Hermann MOB II98,862Healthcare Trust of America
8619 Broadway19,760Rose Rock Capital
Houston Methodist St. Catherine MOB 148,542Healthcare Trust of America
Houston Methodist St. Catherine MOB 272,107Healthcare Trust of America
Houston Methodist St. Catherine MOB 348,210Healthcare Trust of America
Memorial Hermann Physicians Pavilion30,000Everest Medical Core Properties
Richmond Bone & Joint Clinic - UT Physicians42,310Everest Medical Core Properties
Richmond Bone & Joint Clinics UT Physicians38,506Everest Medical Core Properties
North Cypress Emergency Room - Willowbrook17,071Healthcare Trust of America
North Cypress ER & Imaging Towne Lake32,766Healthcare Trust of America
North Cypress Professional Building I151,314Healthcare Trust of America
North Cypress Professional Building II163,550Healthcare Trust of America
Fresnius Medical Care Center - Pasadena11,570KB Property Advisors
Memorial Hermann Northeast Medical Plaza I80,148Healthcare Trust of America
Memorial Hermann Convenient Care - Studemont44,000Healthcare Trust of America
21660 Kingsland15,503GMG Kingsland LLC
Texas Orthopaedic Sports Medicine37,200Inland Real Estate Acquisition
Panther Creek Professional Plaza18,448Alden Land Developments

Source: Colliers International, Revista, CoStar Group, Real Capital Analytics

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