After a busy year of closing seniors housing and care transactions (with 72 separate sales announced in 2020), Blueprint Healthcare Real Estate Advisors is now expanding its services into the medical office building brokerage world. They have brought on medical office veterans Eric Lee and Chris Lashmet to lead the practice.
The market for MOBs certainly showed plenty of activity in 2020, and that doesn’t seem to be slowing down in 2021. According to search results in our Healthcare Deals Database, there have been at least 19 transactions publicly announced since January 1, driven primarily by announcements from Montecito Medical Real Estate, which reported nine of those deals.
MOBs also proved to be resilient during the pandemic, with rent collections in the sector outperforming other asset classes. There is also a decent amount of crossover opportunities for investors in seniors housing and care. We know Blueprint already has quite the rolodex for that group. Apparently, the firm had long targeted MOBs as its next frontier, and after recently adding a capital markets venture to its platform, the expansion just continued.
As for the newest Blueprint additions, Messrs. Lee and Lashmet have a combined 10 years of healthcare real estate experience, both most recently coming from Ventas. They will provide an array of services that will include investment sales, sale-leaseback structuring for physician groups, strategic real estate advisory for health systems and investors, joint venture structuring with developers, and capital raising for ground up development. They will each hold the titles of Senior Director and Co-Head of Medical Office.
