CareTrust REIT, Inc. (NYSE:CTRE) announced that it has acquired a 136-unit, two-facility memory care portfolio located in the greater Chicago metropolitan area. The facilities will be operated by affiliates of Chapters Living, LLC, a new operator relationship for CareTrust. Chapters Living is a seniors housing and memory care operator based in the Midwest led by industry veteran Danny Stricker. CareTrust’s initial investment in the facilities, inclusive of transaction costs, was approximately $18.2 million.
Read the full article: CareTrust REIT Acquires Two Illinois Memory Care Facilities with New Operator Relationship //
Source: https://www.businesswire.com/news/home/20230501005767/en/CareTrust-REIT-Acquires-Two-Illinois-Memory-Care-Facilities-with-New-Operator-Relationship