Why did you at PinnacleHealth decide to monetize some real estate?
“As I looked at our financial position, our capital capacity to execute on that growth strategy, one of the things that came to mind at that time was the potential for a monetization of some of our real estate assets. That started the process for me and I started researching and understanding the components of such a transaction and what the potential impact would be.”
William Pugh, Senior VP and CFO of Harrisburg, Pa.-based PinnacleHealth, which in Q3 2014 sold eight buildings to ARC Healthcare Trust II for $174.1 million.
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