CareTrust REIT, Inc. acquired The Villas at San Bernardino, California.
January 08, 2024
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CareTrust REIT, Inc. (NYSE:CTRE) acquired The Villas at San Bernardino, California. on January 9, 2024. In connection with its acquisition of the facility, CareTrust and a third-party regional healthcare real estate investor entered into a joint venture arrangement under which CareTrust provided a combined common equity and preferred equity investment amount totaling $10.7 million. The facility will be operated by Oxford Health Group, a new operator relationship for CareTrust. The investments were funded using cash on hand.
CareTrust REIT, Inc. (NYSE:CTRE) completed the acquisition of The Villas at San Bernardino, California. on January 9, 2024.
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.
CARETRUST REIT, INC. 
