CareTrust REIT, Inc. Appoints Diana M. Laing as Lead Independent Director
December 10, 2021 at 07:01 am EST
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The Board of CareTrust REIT, Inc. announced that Diana M. Laing has been appointed as Lead Independent Director. Diana M. Laing has served as a member of CareTrusts Board of Directors since January 2019. She currently serves as an independent director on the boards of Alexander & Baldwin, Inc., The Macerich Company and Spirit Realty Capital, Inc.
CareTrust REIT, Inc. is a self-administered, real estate investment trust (REIT). The Company is engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. The Company owns, directly or through joint ventures, and leased to independent operators, 232 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of approximately 25,128 operational beds and units located in 28 states with the highest concentration of properties by rental income located in California and Texas. It leases healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company extends secured mortgage loans to healthcare operators, secured by healthcare-related properties and secured mezzanine loans to healthcare operators, secured by membership interests in healthcare-related properties.