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Medical office transaction volume expected to rise due to strong fundamentals
Healthcare transaction volume hit a record high in 2022, with approximately $26 billion invested into the sector, according to JLL’s Valuation Advisory group in its inaugural Healthcare Investor Survey and Trends Outlook, which surveyed nearly 130 influential leaders in the healthcare sector for insight on key themes in healthcare capital markets and the investor outlook for 2023.
JLL found investors continued to be drawn to medical office buildings, which comprised the largest portion of investment in 2022 at 58 percent. Of the investors surveyed, 66 percent indicated medical office buildings would remain the biggest investment opportunity in 2023. And the shift to more outpatient care has meant ambulatory surgical centers (ACSs) were a larger portion of sales, representing 27 percent in 2022 compared with approximately 20 percent in 2021. ACSs were identified as the second-largest investment opportunity for the coming year.
“Healthcare has been a resilie