The Affordable Care Act continues to confuse much of the healthcare industry, but savvy investors are finding medical office buildings a safe bet, Modern Healthcare reports.
In the first half of 2013, there have been 124 medical office building properties sold in deals totaling more than $1.83 billion, Chicago-based real estate management firm Jones Lang LaSalle reports. The average deal involves a 74,750-square-foot property selling for $14.8 million.
Medical office building sales reached $5.94 billion in 2012, according to JLL. This far outpaced the previous totals of $2.79 billion, $3.45 billion and $1.62 billion for 2012, 2011, and 2010.
“These investors, while they would agree there’s a lot of uncertainty, believe healthcare reform can and will be managed,” said Mindy Berman, JLL’s healthcare capital markets group managing director.