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Healthcare real estate, or "medical real estate", describes buildings, offices, and campuses leased to members or organizations within the healthcare community. [1]
Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many U.S. states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
Medical Properties Trust, Inc., based in Birmingham, Alabama, is a real estate investment trust that invests in healthcare facilities subject to NNN leases. The company owns 403 properties in the United States , Australia , Colombia , Germany , Italy , Portugal , Spain , Switzerland , Finland , and the United Kingdom .
The company’s other Florida hospitals are Melbourne Regional Medical Center, Rockledge Regional Medical Center and Sebastian River Medical. READ MORE: Owner of five hospitals in South Florida ...
As the medical organization struggled financially, attempts to lease at least 155,000 sq ft (14,400 m 2) of the building failed over the course of several years. With medical facilities continuing to occupy the bottom two floors of the building in 1998, Amazon.com signed a sublease for $1.5 million a year through 2010. [3] [6]
A medical laboratory or clinical laboratory is a laboratory where tests are done on biological specimens in order to get information about the health of a patient. Such laboratories may be divided into categorical departments such as microbiology , hematology , clinical biochemistry , immunology , serology , histology , cytology , cytogenetics ...
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Granted a ground lease (the term may vary by agency or project), the developer is able to make improvements to the property which can be leased at market rents to any interested tenants. Under EUL, the U.S. government retains control over the leased property, the EUL developer (lessee) retains a lease interest only.
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