New healthcare REIT wasting little time

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A newly formed real estate investment trust out of Nashville has already raised nearly $164 million and made five acquisitions, according to the self-managed and self-administered firm. MedEquities Realty Trust Inc. dished out $119 million to acquire the properties and mortgage loans from Mechanicsburg, PA-based Vibra Healthcare and Sparks, MD. -based Fundamental Healthcare. The two operators then leased back the properties they had owned. The acquisitions included long-term acute care hospitals in California and Nevada, a skilled nursing facility in South Carolina and mortgage loans secured by hospitals in Massachusetts and Texas.

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