Taking months to finalize, the sweeping deal between Steward, its creditors and landlord Medical Properties Trust at times appeared impossible to finalize. All parties have been working around the clock to determine how to appropriately allocate proceeds from the sales and how to keep hospitals open.
First KKR and then Nuveen add $1.4 billion in value to Healthcare Realty. Year-to-date, the real estate investment trust completed $800 million in joint venture and asset sale transactions, generating about $700 million in proceeds.
Anchored by a state-of-the-art, 160-bed hospital built within close proximity to public transit, the development will deliver a mixed-use innovation campus that incorporates life sciences; research and development; manufacturing (cGMP); industrial; office; and retail buildings.
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