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Article: HRPT Properties Trust's Outlk to Pos by S&P;Rtgs Afmd HRP.
- Article from:
- Business Wire
- Article date:
- June 30, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK--(BUSINESS WIRE)--Standard & Poor's CreditWire 6/30/98--Standard & Poor's affirmed its ratings on HRPT Properties Trust (HRPT) (see list below).
The outlook has been revised to positive from stable. The outlook acknowledges HRPT's dramatic growth, transition from a pure health care REIT to a combined office and health care REIT, good portfolio characteristics, and a consistently solid financial position.
Newton, Mass.-based, HRPT is a large equity oriented REIT that invests mainly in commercial office buildings and health care facilities (retirement/assisted living, nursing homes, medical office buildings). During the past three years, the trust has ...