CareTrust REIT Acquires Midwest Skilled Nursing Portfolio for Approximately $97 Million; Announces Phase 1 Closing of Tennessee Acquisition
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CareTrust REIT, Inc. (NYSE:CTRE) has acquired a 46-facility skilled nursing and seniors housing portfolio in the Midwest for approximately $97 million. This acquisition includes skilled nursing and assisted living campuses, as well as assisted living facilities.
December 09, 2024 | 11:15 am
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CareTrust REIT has expanded its portfolio by acquiring a 46-facility skilled nursing and seniors housing portfolio in the Midwest for $97 million. This strategic acquisition is likely to enhance the company's asset base and revenue potential.
The acquisition of a large portfolio of skilled nursing and seniors housing facilities is a significant expansion for CareTrust REIT. This move is likely to increase the company's asset base and revenue streams, positively impacting its stock price in the short term.
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