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Caretrust Reit Adds Skilled Nursing Facility And Welcomes New Operating Partner In Texas

by benzinga.com posted 2weeks ago 9 views
SAN CLEMENTE, Calif., May 03, 2019 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that it has acquired Lakewest Rehabilitation & Skilled Care, a 118-bed skilled nursing facility located in Dallas, Texas. CareTrust leased the Lakewest property to Next Gen P, LLC, a well-regarded Texas-based skilled nursing operator. "We have long admired Next Gen and its principals, and are elated to finally kick off our formal association with them," said Mark Lamb, CareTrust's Chief Investment Officer.

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