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CareTrust REIT Announces $62.1 Million Acquisition of Two Skilled Nursing Facilities

Aug 29, 2024almost 2 years ago

Contract Type

contract

San ClementeReal EstateHospitality

Description

CareTrust REIT, Inc. announced the acquisition of two skilled nursing facilities in separate transactions for a total investment of approximately $62.1 million. The company also replenished its pipeline with an additional $750 million ATM program.

Company Information

Company

CareTrust REIT

Location

San Clemente, California, United States

About

CareTrust REIT, Inc. is a publicly-traded real estate investment company engaged in the acquisition, ownership and leasing of seniors housing and healthcare-related properties. With 100 net-leased healthcare properties and three operated seniors housing properties in ten states, CareTrust is acquiring and financing additional properties nationwide which will be operated by a diverse group of outstanding local, regional and national seniors housing operators, healthcare services providers, and other healthcare-related businesses.

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