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Caretrust Reit Completes $211M Acquisition

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SAN CLEMENTE, Calif., April 02, 2019 (GLOBE NEWSWIRE) -- CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that it successfully completed a previously-disclosed $211 million multi-asset acquisition. The transaction grows CareTrust's existing real estate holdings by 12 properties with 1,734 beds/units and adds over $19.0 million in new annual revenue to the company's portfolio as of April 1, 2019. The two-state transaction included seven skilled nursing facilities and one skilled nursing and assisted living campus in Louisiana, which were re-tenanted at closing with existing CareTrust tenant Priority Management Group, LLC.

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