MedEquities Realty Trust and Mack-Cali Realty Corp., two publicly traded REITs, are considering selling their respective companies, according to Bloomberg.
MedEquities Realty Trust, a healthcare-focused REIT owns 33 acute-care hospitals, skilled nursing facilities and other types of healthcare facilities in six states including California and Texas. The company is weighing its options with regard to a possible sale.
Mack-Cali owns, manages and develops office and apartment properties in the Northeastern United States. It’s rumored the firm may be considering a possible sale of part or all of the company.
M&A activity involving REITs has been heating up as private investors are seeking to snap up the undervalued assets of some of these publicly traded companies.