NYSE:MPWHealth Care REITs
New Lease Deal with NOR Healthcare Might Change the Case For Investing In Medical Properties Trust (MPW)
Medical Properties Trust announced a lease agreement with NOR Healthcare Systems Corp. relating to NOR's acquisition of Prospect Medical Group's California operations, covering six facilities and including deferred rent schedules and annual CPI-based increases starting in 2026.
The agreement also sees Medical Properties Trust committing up to US$60 million for seismic upgrades, potentially increasing long-term lease revenue and regulatory compliance for its California assets.
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