CareTrust inked a contract to sell 11 skilled nursing facilities it had previously targeted for divestiture, a sale that comes of amid a highly active period for the real estate investment trust. While terms of the contract weren’t immediately disclosed, company leaders on a third-quarter earnings call appeared pleased to move the portfolio off its books. CareTrust is also positioning itself to transition some properties being operated by Eduro Healthcare, a Utah-based skilled nursing company with 41 facilities in nine states. On the acquisition side, CareTrust picked up three SNFs during quarter three, including two under the Covenant Care umbrella.
Read the full article: CareTrust Lops off 11-SNF Portfolio, Looks to Deepen Ties with Others //