Medical Properties Trust, Inc. is a self-advised real estate investment trust. The company is headquartered in Birmingham, Alabama and currently employs 121 full-time employees. The company went IPO on 2005-07-08. The firm conducts all of its operations through its subsidiary, MPT Operating Partnership, L.P. (the Operating Partnership). The company acquires and develops healthcare facilities and leases the facilities to healthcare operating companies under long-term net leases. The company also makes mortgage loans to healthcare operators collateralized by their real estate assets. The firm selectively makes loans to certain of its operators through its taxable REIT subsidiaries (TRS). The firm has healthcare investments in the United States, Europe and South America. The firm owns hospital real estate with 434 facilities in nine countries and across three continents. The firm's financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.