CareTrust REIT Buys Southern California Skilled Nursing Facility In JV Investment
Portfolio Pulse from Benzinga Newsdesk
CareTrust REIT has acquired a Southern California Skilled Nursing Facility through a joint venture investment. The total investment, combining common equity and preferred equity, amounts to $25.5 million, which was funded using cash on hand.
September 06, 2023 | 10:05 am
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CareTrust REIT's acquisition of a Southern California Skilled Nursing Facility through a joint venture investment could potentially increase its asset base and revenue streams.
The acquisition of the nursing facility through a joint venture investment represents a strategic move for CareTrust REIT. This could potentially increase its asset base and provide additional revenue streams, which could positively impact its stock price in the short term.
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