CareTrust REIT, Inc. (NYSE:CTRE) announces that, together with a joint venture partner, it has entered into a binding agreement to acquire a portfolio of skilled nursing facilities for a purchase price of approximately $500 million. The portfolio consists of 31 skilled nursing facilities and a total of 3,290 licensed beds, with 30 of the facilities located in Tennessee and 1 in Alabama. The acquisition is subject to customary closing conditions, and there can be no assurance that the transaction will close in the anticipated timeframe, or at all.
Read the full article: CareTrust REIT Announces Updated Investments Pipeline of $700M Including Agreement to Acquire $500M Portfolio in Southeast by Year End //
Source: https://investor.caretrustreit.com/news/news-details/2024/CareTrust-REIT-Announces-Updated-Investments-Pipeline-of-700-Million-Including-Agreement-to-Acquire-500-Million-Portfolio-in-Southeast-by-Year-End/default.aspx