CareTrust REIT, Inc. (NYSE:CTRE) announces that it has acquired a 5-facility, 498 licensed bed, skilled nursing portfolio located in the Southeastern United States for a total investment amount of approximately $80.9 million (inclusive of transaction costs). In connection with the acquisition, the company entered into a new triple-net master lease with affiliates of YAD Healthcare, a new operator relationship for the company and an experienced skilled nursing operator with facilities across multiple states in the Mid-Atlantic and Southeastern regions.
Read the full article: CareTrust REIT Acquires 5 Skilled Nursing Facilities in Southeast for $81M //
Source: https://www.businesswire.com/news/home/20240603053263/en/CareTrust-REIT-Acquires-5-Skilled-Nursing-Facilities-in-Southeast-for-81-Million-Reports-Expanded-Pipeline-of-460-Million