CareTrust Buys 4 Nursing Facilities in Mid-Atlantic for $74.7M
CTRECareTrust REIT(CTRE) ZACKS·2024-10-05 01:26

In an effort to expand its portfolio, CareTrust REIT, Inc. (CTRE) recently acquired four skilled nursing facilities in Mid-Atlantic. The company shelled out $74.7 million, inclusive of transaction costs, for this portfolio acquisition and the transaction was funded with cash on hand. One of the four facilities acquired is a skilled nursing and assisted living campus, which includes 47 assisted living units. In relation to the acquisition, the company has established a triple-net master lease with a new oper ...