CareTrust REIT (CTRE) Acquires Texas-Located Nursing Facilities Portfolio for ~$96M
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CareTrust REIT Acquires Texas Portfolio
December 1, 2016 8:05 AM ESTSAN CLEMENTE, Calif., Dec. 01, 2016 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (NASDAQ: CTRE) today announced that it has acquired three skilled nursing facilities and one skilled nursing campus in the greater Dallas-Fort Worth area. The purchase price was approximately $95.9 million, inclusive of transaction costs. In connection with the acquisition, CareTrust entered into a new tenant relationship with affiliates of Priority Management Group, LLC, which took over operations effective December 1, 2016.
These well-regarded, well-located and recently-built or renovated facilities are an... More
