In the first three quarters of this year, Meditrust had received$959 million from the sale of assets, but still fell far short ofrealizing any profit. The property disposition, primarily holdingsin the health-care industry, is part of a Five Point Plan torealign the portfolio to focus on its subsidiary, La Quinta InnsInc. Shareholders had been forewarned in January the course thatthe year would take. The action does not affect Meditrust'spreferred dividend, which remains stable at 9% and will be paidquarterly.
The REIT owns 300 hotels, 94 long-term facilities and 94retirement and assisted living complexes. The REIT also owns fivemedical office buildings and seven healthcare-relatedproperties.
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