In Northern Ohio and Florida, up to 25 Cleveland Clinic properties were sold to MedCraft HealthCare Real Estate. The Clinic is then leasing back the spaces to continue their operations and services at those sites (Newmark). CLICK IMAGES TO ENLARGE THEM.
All sites are in Northern Ohio, Florida
ARTICLE UPDATED SEPT. 10, 2025
A large-scale sale-leaseback of up to 25 properties in Ohio and Florida is underway, and it’s Greater Cleveland’s largest employer that’s undertaking it. The sale-leaseback was initiated by Cleveland Clinic, and the buyer is MedCraft HealthCare Real Estate. a suburban Minneapolis-based health care real estate company.
The sale-leaseback won’t directly affect health care operations and services of the tax-exempt Cleveland Clinic Foundation, say Clinic officials. But putting valuable buildings and their lands, some of them large, into the hands of a for-profit, taxable company could have major benefits for multiple communities and their school districts…