CareTrust enters behavioral health by converting underperforming assisted living communities
By
Kimberly Bonvissuto
May 09, 2022
San Clemente, CA-based CareTrust REIT is moving into the behavioral health segment after reaching an agreement to convert three of its underperforming assisted living communities into residential addiction...
CareTrust REIT hasn’t ‘written off’ senior living, CEO says
By
Lois A. Bowers
Nov 10, 2022
CareTrust REIT’s investment pipeline consists primarily of skilled nursing and behavioral health properties right now rather than senior living communities, Chief Investment Officer Mark Lamb said Wednesday...
Service line diversification offers growth opportunities for senior living: Ziegler
By
Kimberly Bonvissuto
Feb 28, 2022
As senior living operators consider strategic opportunities for growth in the wake of the coronavirus pandemic, service line diversification offers a variety of options, according to specialty investment...
CareTrust REIT addresses ‘cracks in foundation’ with investment in new asset class
By
Kimberly Bonvissuto
Feb 18, 2022
With the pandemic and labor challenges exposing a “few cracks in the foundation” involving long-term care, CareTrust REIT is taking advantage of a sellers’ market and expanding into a new asset class.
CareTrust REIT ‘rinses out softness’ in portfolio as 2020 approaches
By
Lois A. Bowers
Nov 11, 2019
Changing operators on a portfolio of seven assisted living communities is one of the ways that San Clemente, CA-based CareTrust REIT is working to “rinse out any real softness in the portfolio and position...
CareTrust REIT: Fewer ‘meaningful opportunities’ in senior housing
By
Lois A. Bowers
Feb 24, 2020
“There are plenty of assisted living and memory care deals out there right now, but most don’t fit with our or our operators’ objectives. So meaningful opportunities for us in that asset class...
CareTrust REIT decides to keep 14 senior living properties previously marked for change
By
Lois A. Bowers
Feb 13, 2023
The REIT decided to keep 14 senior living communities previously designated as candidates for sale, repositioning or restructuring.
Senior housing ‘a mixed bag’ right now, CareTrust REIT says
By
Lois A. Bowers
Feb 15, 2019
CareTrust REIT’s 2019 investment pipeline is $275 million to $300 million, but most of those potential investments are in the area of skilled nursing, executives told shareholders and analysts Thursday...
People in the news, March 29
Mar 29, 2022
Appointments and promotions at Benchmark Senior Living, Blueprint, Brookdale Senior Living, CareTrust REIT, Friendship Retirement Community, Insight Senior Living, Integral Senior Living, LeadingAge PA,...
Inflation, rising rates and mounting indications of a recession present challenges and opportunities for CareTrust REIT and its operating partners, President and CEO Dave Sedgwick said in discussing the...