The financing will be used to pay off old debt coming due in the next two years and for general corporate purposes.

Leadership within the Housing Authority for the City of Milwaukee misused $2.8 million in federal funds, and is now strapped ...

Having invested roughly $1.5B in about 14 healthcare facilities operated by Prospect in 2019, the Birmingham, Alabama-based REIT said that in the wake of its tenant’s bankruptcy, its priority is ...

The healthcare REIT saw two of its largest tenants file for bankruptcy. As a result, it hasn't been collecting rental income on a meaningful portion of its portfolio. Those financial problems have ...

Prospect Medical Holdings, a major tenant of the biggest hospital landlord in the country, filed for bankruptcy amid pressure from regulators in several states over the hospital operator’s ...

Prospect's bankruptcy is not a negligible impact, as it can lead to a 10% loss in revenues for MPW. Rent coverage analysis gives reasons for caution with other tenants in MPW's portfolio.