Global Medical REIT Announces Lease with CHRISTUS Health at its Facility in Beaumont, Texas
CHRISTUS Health Lease is a triple-net lease with a term of 15 years
Former tenant, Steward Health Care, formally requested that its lease be rejected as of September 15, 2024, as part of its Chapter 11 bankruptcy proceedings
Jeffrey M. Busch, Chairman, Chief Executive Officer and President stated, “We are excited to begin a new relationship with CHRISTUS at our
Paul Generale, Executive Vice President and Chief Strategy Officer of CHRISTUS stated, “We look forward to our partnership with GMRE and believe the
About CHRISTUS Health
CHRISTUS Health (S&P: A+; Fitch A+) is an international faith-based, not-for-profit health care system based in
About the Lease
The lease is a triple-net lease that will cover the entire Beaumont Facility, which is a two-story medical facility consisting of 84,674 leasable square feet, located at 6025 Metropolitan Drive,
FORWARD-LOOKING STATEMENTS
Certain statements contained herein may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and it is the Company’s intent that any such statements be protected by the safe harbor created thereby. These forward-looking statements are identified by their use of terms and phrases such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "plan," "predict," "project," "will," "continue" and other similar terms and phrases, including references to assumptions and forecasts of future results. Except for historical information, the statements set forth herein including, but not limited to, any statements regarding leases, lease rejection and lease rejection timing, lease commencement dates, tenants and other lease terms are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although the Company believes that the expectations, estimates and assumptions reflected in its forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of the Company’s forward-looking statements. Additional information concerning us and our business, including additional factors that could materially and adversely affect our financial results, include, without limitation, the risks described under Part I, Item 1A - Risk Factors, in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, and in our other filings with the SEC. You are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and undertakes no obligation, to update any forward-looking statement.
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Investor Relations:
Stephen Swett
stephen.swett@icrinc.com
203.682.8377
Source: Global Medical REIT Inc.