CareTrust REIT Acquires Southern California Assisted Living Facility in Joint Venture Investment

CareTrust REIT, Inc. (NYSE:CTRE) announces that it has acquired The Villas at San Bernardino, a 78-unit assisted living and memory care facility located in San Bernardino, California. In connection with its acquisition of the facility, CareTrust and a third-party regional healthcare real estate investor entered into a joint venture arrangement under which CareTrust provided a combined common equity and preferred equity investment amount totaling $10.7 million. The facility will be operated by Oxford Health Group, a new operator relationship for CareTrust.

Read the full article: CareTrust REIT Acquires Southern California Assisted Living Facility in Joint Venture Investment //

Source: https://www.businesswire.com/news/home/20240109088920/en/CareTrust-REIT-Acquires-Southern-California-Assisted-Living-Facility-in-Joint-Venture-Investment

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