Development

During the REIT's Q3 earnings call, MPT president and CEO, Edward Aldag Jr. outlined the company's new investments, portfolio expansions and its $5B acquisition pipeline.

The plan includes the first residential development in the area between PNC Park and Heinz Field, new green space, and a new privately-constructed parking garage, city officials say.

The property, which will feature more than 450,000 square feet of office space, public amenities, retail and food and beverage outlets, will occupy a full city block, bounded by North Green, West Fulton Market, Wayman, and Halsted streets in the Chicago West Loop neighborhood.

The new hospital, which will be the centerpiece of Valley's healthcare campus in Paramus, will be funded through the issuance of bonds, hospital equity and philanthropic contributions. Valley anticipates the new hospital could open as early as 2023.

The new development is a five-story 67,426 square-foot, mixed-use building with 5,878 square feet of ground floor commercial space, 100 residential units.

Ascending more than 800 feet into the sky with a exoskeleton designed in a saw tooth pattern by Heller Manus Architects and engineered by ARUP Group, this 55-residence building was completed in 2018.

NOVO Development completes a new project near Ottawa University's OUAZ campus in Surprise, AZ.

In the next five years, the Downtown Los Angeles is expected to add 12,000 new residents, a 20% increase in population.