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.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100