CareTrust REIT Acquires Four Skilled Nursing Facilities in Mid-Atlantic for $74.7 Million; Reports Reloaded Pipeline of $240 Million

10/7/2024

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Business Wire

• Subcategory: Medical: Assisted Living, MF: Senior

• Tag: Press Release | Sale

• Additional Filters-Subcategory: Medical: Senior Care, Medical: Skilled Nursing

• Additional Filters-Tags: Sale: Investment, Sale: Portfolio

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 4-facility, 396-bed/unit skilled nursing portfolio located in the Mid-Atlantic for a total investment amount of approximately $74.7 million (inclusive of transaction costs). One of the four facilities acquired is a skilled nursing and assisted living campus, which includes 47 assisted living units.