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Stock impact report

CareTrust REIT Announces $55 Million Acquisition of Two California Facilities in Separate Transactions

CareTrust REIT, Inc. (CTRE) 
Last caretrust reit, inc. earnings: 2/20 04:34 pm Check Earnings Report
Company Research Source: Business Wire
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) announced today the acquisition of two facilities in separate transactions with a total investment amount of approximately $55 million.On April 1, 2025, the company acquired a skilled nursing and assisted living campus facility located in Los Alamitos, California. The campus includes a 150-bed skilled nursing facility and a 140-bed residential care facility for the elderly. CareTrust’s acquisition of the campus facility was completed through a joint venture arrangement entered into between CareTrust and a third-party healthcare real estate owner. At closing, CareTrust provided a combined common equity and preferred equity investment totaling approximately $34 million at an initial contractual yield on its combined preferred and common equity investments in the joint venture of approximately 9.7%. The joint venture has leased the facility to affiliates of The Ensign Group (NASDAQ: ENSG) pursuant to a new 15-yea Show less Read more
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