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...
Actions & Transactions, Jan. 10
By
Kathleen Steele Gaivin
Jan 10, 2024
Morgan Stanley’s newly launched REIT could target senior housing … CareTrust REIT adds San Bernardino, CA, assisted living, memory care community in joint venture … Blueprint advises on sale of Cleveland-area...
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...
Sabra highlights last year’s e-initiative roadmap in new report
By
Kathleen Steele Gaivin
Oct 03, 2022
Sabra Health Care REIT outlined priorities and initiatives on environmental stewardship, social commitment, corporate governance and community service, with a nod to a freshly created e-initiative roadmap,...
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...
REIT ownership linked to decline in RN staffing, increases in LPN, CNA use
By
Kathleen Steele Gaivin
Jan 27, 2023
Nursing homes, after being purchased by a real estate investment trust, are likely to see increases in licensed practical nurse and certified nursing assistant staff hours per resident day of 2.15% and...
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 spends $47.6M to acquire four-property Texas long-term care portfolio
By
Amy Novotney
Nov 18, 2020
San Clemente, CA-based CareTrust REIT announced the acquisition Tuesday of four long-term care facilities in the Dallas-Ft. Worth area in an off-market transaction for $47.6 million.