Sales volume for alternative sectors — medical office, mobile and manufactured, R&D, self-storage, student housing, age-restricted, cold storage, and data center — jumped 41% year over year in the first quarter of 2024, according to MSCI's capital trends report for 2024 Q1.

It was a big relative win to the overall 16% year-over-year market decline. However, it was also heavily weighted on the merger of HealthPeak and Physicians Realty Trust in March, which lead to a 239% year-over-year change in medical office. Without that, the alternatives deal volume would have been down 17% year over year, roughly matching general market performance.

"The self-storage sector also benefited from portfolio deals in the quarter, posting a 4% increase in volume versus the first quarter of 2023," they wrote. In the first quarter, sales volume of $1.6 billion was 17% higher than the average first quarter volumes over the last 10 years.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.