Real estate investment trust (REIT) acquisition associated with hospital closure and bankruptcy
A new paper in The BMJ from researchers at the University of Chicago and Harvard University is among the first to examine what happens when hospitals sell their buildings to Real Estate Investment Trusts (REITs) and lease them back.
The researchers previously documented how roughly 20 REITs have quietly accumulated a large share of U.S. health care real estate. Globally, REITs, often in partnership with private equity, have been buying medical office buildings, nursing homes, and hospitals. Some experts are raising the alarm that these financial entities have become major, ...