Medical Properties Trust Inc., a Birmingham, Ala.-based real estate investment trust, has announced the pricing of $125 million of exchangeable senior notes by its operating partnership, MPR Operating Partnership LP.The offering, made to qualified institutional buyers, had an initial exchange rate of 60.3346 common shares per $1,000 principal amount of the notes, representing an exchange price of approximately $16.57 per common share, the REIT reported. The initial purchasers have been granted an option to buy up to $13 million in additional notes to cover any overallotments. The REIT can be found online at http://www.medicalpropertiestrust.com.

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