Medical Properties Trust is acquiring Steward Health Care System's nine hospital properties for $1.2 billion in a sale-leaseback transaction. The REIT is also paying $50 million for a 5% equity stake in the Boston-based hospital system.
Comcast and Liberty Property Trust are planning to develop a $1.2 billion office tower next to Comcast's headquarters in Philadelphia. The project, the Comcast Innovation and Technology Center, will include a Four Seasons hotel. Comcast will sign a 20-year lease for 957,000 square feet in the 59-story building.
Government of Singapore Investment Corp. affiliate Reco Ambrosia and the Public Sector Pension Investment Board of Canada plan to acquire most of Charter Hall Office REIT for $1.2 billion. The acquisition is contingent on Charter Hall Office REIT completing the sale of its U.S. properties in March.
Entrepreneur Robert L. Johnson says he has raised $1.2 billion for a third private-equity fund, called RLJ Real Estate Fund III, to invest in the hotel industry. The fund will be able to buy or develop $4 billion in properties. In addition to hotels, it eventually will also include development and acquisition agreements in the commercial real-estate sector.