Demand vs. Supply Executive Summary

Stark III: Revisions and Implications

Originally passed in 1992, “STARK” prohibits physicians from referring Medicare/Medicaid patients to clinical labs in which physician (or a family member) has a financial interest. STARK has since undergone a number of revisions and expansions. These regulations affect MOBs because real estate transactions (leases and/or ownership interests—debt or equity) constitute a financial interest.

MOB Report Year End 2009 Investment Trends

The Fourth Quarter 2009 REAL Capital Report on Medical Office Buildings reveals some interesting trends and backs up what has been reported for the past year.  For 2009 verses 2008 Medical Office Building (MOB) sales volume declined by 63%.  The average price per square foot was down by -6% however by some measurements up by 9%.  This compares to traditional office properties which were down by -71% in sales volume and down by a massive -26% in average prices per square foot.  The percent asking price to achieved price was approximately 89% for both type properties.

BEST of MOBATL - Governors Pavilion

Governors Pavilion

4450 Calibre Crossing
Acworth, Georgia 30101

Kennesaw/Town Center Submarket

Governors Pavilion is located in an explosive population growth corridor of N Cobb Pkwy. Located in walking distance to the proposed Wellstar-North Hospital. Close to Bentwater, Seven Hills & Governors Club. Cartersville Hospital to offer urgent care and imaging on 1st floor. Fast growing, affluent area with a need for doctors and dentists. Close to banks, day care, and an Eckerd's Drug. Drop off canopy access.

MOB Atlanta Market Report - Year End 2009

Metro Atlanta’s specialty use medical office building market totals approximately 17.457 million square feet in ten primary submarkets. Our research tracks medical office buildings, both multi and single tenant buildings that are generally over 10,000 square feet. Non primary use medical office buildings including traditional office buildings, business parks and retail space are not included in our analysis. While accommodating some medical uses these properties do not provide the referral basis and services of a professional run medical building. Six submarkets account for 80% of the 457 medical office buildings, all areas around large regional medical centers. Four medical office buildings are currently under construction and expected to be completed by the first quarter of 2011 including the Meadows & Ohly development of Gwinnett Medical Center, a 127,000 square foot on campus medical office building.

BEST of MOBATL - 4125 Old Milton Pkwy

4125 Old Milton Parkway

(3933 GA 120)

Alpharetta, Georgia 30022

North Fulton Submarket

Prime location with convenient access to GA 400. Minutes from nearby hospitals including Northside Medical, Emory John's Creek and North Futon Regional. Idel for Ambulatory Surgery Center. Excellent parking ratio for medical office with 6 spaces per 1,000 square feet of leased space (232 spaces total). Monument and Building Signage Opportunity.  Patient Drop Off and Pick Up area.

MOBATL Database Pictures Update

Metro Atlanta – MOBATL database update. We have updated pictures for the Northlake, Decatur, Lawrenceville, Fayetteville, Peachtree City and Newnan areas. While we continue to update MOBATL there are many more pictures of MOBs in various sub markets including Pill Hill, Cumberland and Kennesaw among others. Please feel free to contact us if there is an area you would like to make a priority.