Chief Healthcare Executive April 16, 2024
Medical Properties Trust has sold its majority interest in five hospitals. The real estate investment trust has sold other properties to generate more cash.
For the second time in a week, Medical Properties Trust, Inc. has offloaded some of its healthcare properties.
The real estate investment trust announced in a news release that it has sold 75% of its interest in five hospitals in Utah to a newly formed joint venture, which was not identified. The joint venture is affiliated with “a leading multi-strategy, multi-billion dollar institutional asset manager with a proven track record in real estate investments,” Medical Properties Trust said.
With the deal, the joint venture also is giving a $190 million “non-recourse secured” loan to Medical Properties...
Today's Sponsors
Today's Sponsor