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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 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 Houston Q3 market showed plateauing office concessions, a record year of industrial deliveries, retail dominated by medical office facilities and multifamily exhibiting strong fundamentals, says a JLL report.