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Cleveland Clinic’s real estate move boosts local funds

Cleveland Clinic just pulled off a major real estate deal—selling 24 properties but staying put through a long-term lease. This move means a big cash boost for the Clinic, but here’s what really stands out: for the first time, many Northeast Ohio communities will see new property tax revenue from these sites. That’s extra money for local services, all while the Clinic keeps running as usual. With healthcare costs rising, this strategy could set a trend for other nonprofits. What do you think—should more organizations tap into their real estate like this? #Health #BodyHealth #ClevelandClinic