From the Current Issue

The rule that has turned medical office into the preferred option for property investors

by Ed Del Beccaro

A little-known federal policy shift is about to push a wave of surgical procedures out of hospitals and into leased medical space — and real estate investors are taking notice. Combined with a rapidly aging population, that shift is turning medical outpatient buildings (MOBs) from a niche alternative into one of commercial real estate’s best-performing property types. Occupancy sits above 92 percent. Cap rates are below 6.5 percent. And rent growth is outpacing anything the broader office sector can offer. For investors, MOBs now deliver risk-adjusted yields that look far more like ...

From the Current Issue

The multifamily supply cliff is no longer a forecast, it is already taking shape

by Darren Fisk

For the past three years, the multifamily market has been defined by one narrative: record supply. Apartment deliveries surged across the Sun Belt and other high-growth markets, concessions returned, rent growth slowed and investors began questioning whether multifamily’s long-standing fundamentals had weakened. But beneath the headlines, a different story was taking shape. The setup is ...