San Clemente-based CareTrust REIT Acquires Two Skilled Nursing Facilities
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CareTrust REIT Inc. based in San Clemente, announced the acquisition of two skilled nursing facilities on opposite sides of the country in separate transactions. The total investment was $62.1 million for 259 combined licensed beds.
In the mid-Atlantic region, it acquired a 125-bed licensed skilled nursing facility on August 29 for $37.7 million. Its acquisition on the West Coast for a 134-bed skilled nursing facility closed on August 7 for $24.5 million. The investments were funded using cash on hand.
“We are excited to add two additional, solidly-performing facilities to our portfolio,” said James Callister, CareTrust’s chief investment officer, in a statement.
