Medical Properties & Praemia REIM JV Announces Refinancing Transaction

Key Takeaways MPW, Praemia REIM JV refinanced its maturing seven-year debt with a 10-year, non-amortizing loan at 5.1% rate. The loan is secured by German rehab hospitals run by MEDIAN, Europe's largest rehab operator. JV's annual cash rent grew 20M euro since 2018, matching expected market interest expense rise from new loan. Medical Properties Trust, Inc. (MPW) — also known as MPT — and Praemia REIM announced that its 50/50 joint venture (“JV”) has refinanced its maturing seven-year debt agreement at a ...