1、ResearchInvestor Survey and Trends OutlookHealthcareUnited States|20232|Healthcare|2023 Investor Survey and Trends Outlook 2023 Jones Lang LaSalle IP,Inc.All rights reserved.Report highlightsCapital markets activity for healthcare properties in H1 2022 far outpaced H1 2021,but transactions slowed in

2、 H2 2022,especially for single-property sales,due to pricing uncertainty stemming from rising interest ratesCapitalization rates have risen 50bp and are likely to continue to see upward pressure in early 2023,but should stabilize near the midpoint of the yearMedical Office Building(MOB)fundamentals

3、remain strong with resilient occupancy and steady rent and NOI growthShift to outpatient care opens opportunities for more investment in MOBs and Ambulatory Surgery Centers(ASCs)Report highlights2Capital markets3Property markets6Market outlook10Investor survey results11Want more information?203|Heal

4、thcare|2023 Investor Survey and Trends Outlook 2023 Jones Lang LaSalle IP,Inc.All rights reserved.23%24%48%2%3%2015Ambulatory Surgical CenterHospital-GeneralMedical Office BuildingMedical Other(Condo,Behavioral Health,LTAC,Other)Rehabilitation HospitalCapital marketsInterest in healthcare real estat

5、e has grown,and transaction volumes reached an all-time high in 2022.Medical Office Buildings(MOBs)continue to make up the largest portion of healthcare real estate transactions;however,in recent years Ambulatory Surgical Center(ASCs)have comprised a larger portion of sales,with ASCs making up 26.8%

6、of sales in 2022.Rising transaction volume stalled by escalating borrowing costs and economic uncertaintyHealthcare transaction volumeSource:JLL Research,RevistaProMedical Office transaction volume was bolstered by the merger of Healthcare Realty Trust(NYSE:HR)and Healthcare Trust of America(NYSE:HT