NASHVILLE, Tenn., Nov. 10, 2018 /PRNewswire/ -- MedEquities Realty Trust, Inc. (NYSE: MRT ) announced that it has signed a new, 15-year triple net lease with Creative Solutions in Healthcare ("Creative Solutions"), a regional skilled nursing and assisted living facility operator based in Fort Worth, Texas, for all 10 of the Company's locations currently leased to affiliates of OnPointe (the "Texas Ten Portfolio"). Creative Solutions will begin operating the facilities upon receipt of all outstanding regulatory approvals, which is expected to be on or about January 1, 2019, at which time the new lease will commence. Initial annual base rent under the lease will be $7,700,000 with annual lease escalators of 2% and two, five-year tenant renewal options. The lease is guaranteed by Creative Solutions' management company along with personal guarantees from its two co-founders.