Medical Office Buildings (MOB)
Developers and owners of physician office and medical office buildings.
Market snapshot
These figures describe Healthcare & Medical Office Properties (8.1.1), the segment that Medical Office Buildings (MOB) sits within — not Medical Office Buildings (MOB) on its own.
Medical office and healthcare leasing sit within nonresidential building lessors (NAICS 531120) and are not separately disclosed by the Census Bureau, so the segment is not separately sized here. Senior-housing/care facilities are tracked under healthcare.
Business model & economics
Revenue model
Medical office and healthcare-property lease income
Key economics
- Recurring revenue
- High
- EBITDA margin
- Strong
- Capex intensity
- High
durable healthcare-tenant leases
defensive, stable occupancy
Characteristics
- Defensive sector with demographic tailwinds.
- Outpatient migration drives MOB demand.
- Life-science boomed then cooled with biotech funding.
M&A deal context
Who’s acquiring
- Healthcare REITs
- Private-equity real estate
- Medical-office & life-science investors
What’s driving deals
- Aging demographics and outpatient migration.
- Durable healthcare-tenant credit.
- Consolidation around healthcare REITs.
Find Medical Office Buildings (MOB) acquisition targets
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