Steward Health Files Chapter 11 After Medical Properties Deal
Steward Health Care System LLC filed for bankruptcy early Monday as it’s finalizing a rescue loan with landlord Medical Properties Trust Inc.
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Steward Health Care System LLC filed for bankruptcy early Monday as it’s finalizing a rescue loan with landlord Medical Properties Trust Inc.
Chinese shares and the onshore yuan climbed on their return from a holiday, with sentiment boosted by Beijing’s supportive policy stance.
One of China’s most-watched developers has told some investors that it readied cash for an upcoming yuan bond payment, a move that may boost a firm that’s faced concern about its liquidity amid a broader property debt crisis.
A Chinese program providing state guarantees to developer bonds will be put to the test this week, when payments come due from one of the most indebted builders.
Australia’s central bank will likely keep its key interest rate at a 12-year high and stick with it for much of the year to restrain inflationary pressures underpinned by a surprisingly tight job market.
Dec 6, 2021
Bloomberg News
,(Bloomberg) -- Resource REIT Inc., a real estate investment trust that owns suburban apartments across the U.S., is exploring options including a sale, according to people with knowledge of the matter.
The Philadelphia-based REIT is working with an adviser regarding a transaction that could value the landlord at about $2 billion, the people said. Closely held Resource is in the early stages of soliciting interest from potential bidders, one of the people said.
Marianne McGuire, a Resource spokeswoman, declined to comment.
Resource is led by Chairman and Chief Executive Officer Alan Feldman and Chief Financial Officer Thomas Elliott. In January, it said it completed a merger involving Resource Real Estate Opportunity REIT Inc., Resource Real Estate Opportunity REIT II Inc. and Resource Apartment REIT III Inc.
The REIT holds 50 properties with more than 14,600 units across 14 U.S. states including Alabama, Arizona, Florida, Colorado and California, its website shows.
Read more: Bluerock Residential Said to Explore Strategic Options, Sale
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