CareTrust REIT (CTRE) Announces $34.4M Acquisition of California Seniors Housing, Skilled Nursing Portfolio
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CareTrust REIT Acquires California Seniors Housing and Skilled Nursing Portfolio
August 8, 2016 8:05 AM EDTSAN CLEMENTE, Calif., Aug. 08, 2016 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (NASDAQ: CTRE) today announced that it has acquired two seniors housing and two skilled nursing facilities located in Californias Central Valley for approximately $34.4 million, inclusive of transaction costs. The portfolio consists of 79 assisted living units and 293 skilled nursing beds, and is currently leased to affiliates of California-based Covenant Care, LLC.Â
We are very excited to add these four facilities to our California portfolio,... More
