Thomas Biga, president of RWJBarnabas Health’s hospital division, recently authored an article for hfm magazine about using real estate monetization to finance facility upgrades. The article explores RWJBarnabas Health’s partnership with Rendina Healthcare Real Estate on the Clara Maass Medical Center campus in Belleville, N.J. By selling existing Clara Maass campus medical office buildings to Rendina, RWJBarnabas Health was able to help finance the construction of a new hospital lobby, medical office space and intensive care unit for Clara Maass.
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