Michael Carroll

Omotayo Okusanya

John Kilichowski

Farrell Granath

Michael Mueller

Georgi Dinkov

Vikram Malhotra

Vikram Partap Garewal

- Medical Properties Trust, Inc. (MPT) announced a **new lease agreement** with NOR Healthcare Systems Corp. (NOR) for **six California facilities**, with transactions expected to **close in 2025** subject to regulatory approval.  **[1287865_59dc9daecbe34ec1ac8bc39ca5b5af8a_0]** 
- The master lease for these facilities will have an **initial annualized rent of $45 million**, with CPI-based annual rent escalators beginning in 2026.  **[1287865_59dc9daecbe34ec1ac8bc39ca5b5af8a_0]** 
- This new annual cash rent is expected to contribute to MPT's projected **more than $1 billion of pro rata annualized cash rent** from its current portfolio by the end of 2026.  **[1287865_59dc9daecbe34ec1ac8bc39ca5b5af8a_0]** 
- MPT has committed to fund up to **$60 million in seismic improvements** over the next four years, which will increase the lease base and result in additional rent.  **[1287865_59dc9daecbe34ec1ac8bc39ca5b5af8a_0]**

MEDICAL PROPERTIES TRUST (MPW)