CareTrust REIT Acquires Two Nursing Facilities for $62.1 Million in Strategic Expansion
Thursday, 29 August 2024, 21:49
Strategic Acquisition by CareTrust REIT
In a significant move, CareTrust REIT (CTRE) has acquired two skilled nursing facilities for $62.1 million. This acquisition underlines the company’s strategy to enhance its portfolio across regions with promising growth.
Investment Details
- Location: Mid-Atlantic and West Coast
- Facility Type: Skilled nursing facilities
- Investment Amount: $62.1 million
Market Opportunities
The investment reflects CareTrust's commitment to generating strong returns through strategically located properties in healthcare real estate.
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