Industry Pulse: April 2011

NATIONWIDE – Traditionally, healthcare real estate investors seem to have fallen into two categories: Those interested in seniors housing facilities, which includes a host of different product types, and those interested in medical office buildings (MOBs), which also, over the years, have come to include a variety of types. There are so many exceptions to this blanket statement, however, that it would be a waste of time to list them all. Birmingham, Ala.-based Medical Properties Trust (NYSE: MPT) comes to mind. While the publicly traded real estate investment trust (REIT) indeed has some MOB holdings, accounting for about 1 percent of its portfolio, its focus has been to acquire hospitals and then lease them to operators, some of which are composed of physicians. MPT’s portfolio is composed of 66 percent acute care hospitals,

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