Question · Q3 2025
Farrell Granitz asked for further details on the decision-making behind the specific structure of the medical office building (MOB) disposition, beyond the aspects outlined in the opening remarks.
Answer
CEO Shankh Mitra reiterated that the decision was driven by an opportunity cost analysis, focusing on redirecting management's attention to the digital transformation of senior living and the cost of capital. He explained that the structure, including a significant participating profit interest, reflects uncertainty about future asset values and ensures shareholders can still benefit from potential value accretion if the company's macro views on asset prices prove incorrect.