Case Study

On-Campus MOB

A national developer needed to sell an “on-campus” Medical Office Building before the hospital campus itself existed or construction was even approved.

A  nationally-recognized developer of best-in-class healthcare facilities anchored by the nation’s strongest healthcare providers, sought to sell an “on-campus” Medical Office Building (MOB) before the hospital campus itself existed as construction was pending  CON approval.

The developer team knew the property presented numerous challenges and while the asset itself was compelling, it was also a “tweener” due to:

1) Persistent vacancy exacerbated by a shallow pool of viable healthcare tenants, making lease-up difficult

2) Current status as a core-plus MOB although it could become a core asset if and when the hospital was approved

3) Tertiary location which could become prime, yet only if the hospital was both approved by the state and successfully completed

Download the Case Study

A national developer needed to sell an “on-campus” Medical Office Building before the hospital campus itself existed or construction was even approved.

A  nationally-recognized developer of best-in-class healthcare facilities anchored by the nation’s strongest healthcare providers, sought to sell an “on-campus” Medical Office Building (MOB) before the hospital campus itself existed as construction was pending  CON approval.

The developer team knew the property presented numerous challenges and while the asset itself was compelling, it was also a “tweener” due to:

1) Persistent vacancy exacerbated by a shallow pool of viable healthcare tenants, making lease-up difficult

2) Current status as a core-plus MOB although it could become a core asset if and when the hospital was approved

3) Tertiary location which could become prime, yet only if the hospital was both approved by the state and successfully completed

Download the Case Study