{"id":690615,"date":"2022-09-30T06:04:23","date_gmt":"2022-09-30T10:04:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/caretrust-reit-completes-sale-of-ohio-skilled-nursing-facilities\/"},"modified":"2022-09-30T06:04:23","modified_gmt":"2022-09-30T10:04:23","slug":"caretrust-reit-completes-sale-of-ohio-skilled-nursing-facilities","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/caretrust-reit-completes-sale-of-ohio-skilled-nursing-facilities\/","title":{"rendered":"CareTrust REIT Completes Sale of Ohio Skilled Nursing Facilities"},"content":{"rendered":"

<\/p>\n

CareTrust REIT Completes Sale of Ohio Skilled Nursing Facilities<\/b><\/p>\n

SAN CLEMENTE, Calif.–(BUSINESS WIRE<\/a>)–
\nCareTrust REIT, Inc. (NYSE:CTRE) announced today that it has completed the sale of seven skilled nursing facilities in Ohio for a purchase price of $52 million. In connection with the completion of the sale, the company\u2019s master lease with affiliates of Trio Healthcare was terminated. The portfolio includes approximately 600 skilled nursing beds along with approximately 100 seniors housing beds\/units.\n<\/p>\n

\nPresident and CEO, Dave Sedgwick, said, \u201cIn February, we announced a plan to de-risk the portfolio by selling or re-tenanting 32 properties. Given how much the world has changed since we kicked off that process, getting this significant disposition done by the end of summer is a testament to the talented team at CareTrust.\u201d With respect to the other 25 seniors housing facilities currently held for sale or re-tenanting, Mr. Sedgwick said, \u201cThe remaining properties are moving forward towards resolution in the coming months. We continue to see a path to completing this work by year-end for the majority of the assets. As with today\u2019s announcement, we will provide updates as definitive progress is made.\u201d\n<\/p>\n

\nAbout\n<\/p>\n

\nCareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States. More information about CareTrust REIT is available at www.caretrustreit.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20220930005155\/en\/<\/a><\/span><\/p>\n

\nCareTrust REIT, Inc.
\n
(949) 542-3130
\n
ir@caretrustreit.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Nursing Health Hospitals Commercial Building & Real Estate Construction & Property REIT<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

CareTrust REIT Completes Sale of Ohio Skilled Nursing Facilities SAN CLEMENTE, Calif.–(BUSINESS WIRE)– CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has completed the sale of seven skilled nursing facilities in Ohio for a purchase price of $52 million. In connection with the completion of the sale, the company\u2019s master lease with affiliates of Trio Healthcare was terminated. The portfolio includes approximately 600 skilled nursing beds along with approximately 100 seniors housing beds\/units. President and CEO, Dave Sedgwick, said, \u201cIn February, we announced a plan to de-risk the portfolio by selling or re-tenanting 32 properties. Given how much the world has changed since we kicked off that process, getting this significant disposition done by the end of summer is a … <\/p>\n

Continue reading “CareTrust REIT Completes Sale of Ohio Skilled Nursing Facilities”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-690615","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCareTrust REIT Completes Sale of Ohio Skilled Nursing Facilities - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/caretrust-reit-completes-sale-of-ohio-skilled-nursing-facilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CareTrust REIT Completes Sale of Ohio Skilled Nursing Facilities - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CareTrust REIT Completes Sale of Ohio Skilled Nursing Facilities SAN CLEMENTE, Calif.–(BUSINESS WIRE)– CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has completed the sale of seven skilled nursing facilities in Ohio for a purchase price of $52 million. In connection with the completion of the sale, the company\u2019s master lease with affiliates of Trio Healthcare was terminated. The portfolio includes approximately 600 skilled nursing beds along with approximately 100 seniors housing beds\/units. President and CEO, Dave Sedgwick, said, \u201cIn February, we announced a plan to de-risk the portfolio by selling or re-tenanting 32 properties. 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