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Stock Market & Financial Investment News

News Breaks
June 4, 2014
10:00 EDTCTRECareTrust REIT falls 9.4%
CareTrust REIT is down 9.4%, or $1.95, to $18.71
News For CTRE From The Last 14 Days
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February 2, 2016
06:05 EDTCTRECareTrust REIT acquires Iowa skilled nursing portfolio for $32.7M
CareTrust REIT announced that it has acquired a portfolio of nine skilled nursing facilities in Iowa. The portfolio, which includes 518 operating skilled nursing beds, will be leased to Trillium Healthcare Group, LLC through an amendment to their existing master lease. The asset acquisition and triple-net lease were effective as of February 1, 2016. The purchase price, inclusive of estimated transaction costs, was approximately $32.7M, with initial annual rental revenue of approximately $3.16M to CareTrust under the terms of the master lease, which carries an initial term of 14.5 years with two five-year renewal options and CPI-based rent escalators.
06:03 EDTCTRECareTrust REIT acquires New Haven of San Angelo care facility for $4.9M
CareTrust REIT announced that it has acquired New Haven of San Angelo, a 30-unit assisted living and memory care facility in San Angelo, Texas which will be operated by New Haven Assisted Living under a master lease arrangement. The asset acquisition and new, triple-net master lease with New Haven were effective as of February 1. The purchase price, inclusive of estimated transaction costs, was approximately $4.9M, with initial annual rental revenue of approximately $404,000 to CareTrust under the terms of the master lease, which carries an initial term of 15 years with two five-year renewal options and CPI-based rent escalators. The 30-unit facility includes land for potential future expansions to up to 60 units. In a separate transaction on the same day, CareTrust also acquired a nine-facility skilled nursing portfolio in Iowa.

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