CareTrust REIT, Inc. Declares Quarterly Dividend for the Second Quarter Ended June 30, 2018; Announces Designation Change of David Sedgwick as Chief Operating Officer and Mark Lamb as Chief Investment Officer
August 01, 2018 at 04:05 pm EDT
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CareTrust REIT, Inc. declared a quarterly dividend of $0.205 per common share.
The company also announced that David Sedgwick, CareTrust's Vice President of Operations since 2014, has been named Chief Operating Officer, and that Mark Lamb, CareTrust's Director of Investments since 2014, has been named Chief Investment Officer.
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. It has a portfolio of long-term net-leased properties, and a portfolio of operators leasing them. It owns, directly or through joint ventures, and leased to independent operators, skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of approximately 25,848 operational beds and units located in 29 states. It leases healthcare-related properties to healthcare operators in triple-net lease arrangements. It 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.
CareTrust REIT, Inc. Declares Quarterly Dividend for the Second Quarter Ended June 30, 2018; Announces Designation Change of David Sedgwick as Chief Operating Officer and Mark Lamb as Chief Investment Officer