Tenet says the time is right
JLL IS MARKETING 34 MOBS TOTALING 2.8M S.F. FOR PROVIDER
By John Mugford
The reasons that Dallas-based Tenet Healthcare Corp.’s (NYSE: THC) is looking to sell a portfolio of medical office buildings (MOBs) comprise the classic definition of a monetization in today’s world of healthcare real estate.
For one thing, a sale would generate plenty of funds that Tenet plans to pump back into its core mission of providing acute care services. And, as is often the case in a monetization, the system, which has 55 hospitals and 14,651 licensed beds, would like to remove itself from the day-to-day role of being a property owner and the daily tasks that go along with that: i.e., collecting rents from doctor/tenants, negotiating rents, complying with a coterie of federal regulations, finding tenants, responding to tenants’ complaints about air conditioning or parking, etc.
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