Industry Bulletins | December 16, 2020
CareTrust REIT Acquires Four-Property Senior Housing Portfolio In Texas
CareTrust REIT, Inc. announced that it acquired four post-acute care facilities in the Dallas-Ft. Worth area in an off-market transaction for $47.6 million, inclusive of transaction costs. The portfolio consists of 554 skilled nursing beds and 24 assisted living beds. The facilities are currently leased to operating affiliates of The Ensign Group, Inc. The facilities are Beacon Harbor Healthcare & Rehabilitation in Rockwall, Rowlett Health & Rehabilitation Center in Rowlett, Crestwood Health & Rehabilitation in Wills Point, and Pleasant Manor Healthcare & Rehabilitation in Waxahachie.
CareTrust assumed the seller’s two existing leases in the transaction . . .