News Report | March 10, 2019
CareTrust REIT Invests $300 Million In SNF Acquisitions In 2018
CareTrust REIT invested a total of nearly $300 million in 136 skilled nursing facility (SNF) acquisitions overall in 2018. The 2018 investments include approximately $112 million in new asset acquisitions.
SNFs included in the 2018 investments are:
- The Meadows on University: a 110-bed SNF in Fargo, North Dakota, for $14.4 million
- Madison Park Healthcare: a 55-unit skilled nursing and assisted living campus in Huntington, West Virginia, for $7.2 million
- Metron of Forest Hills: a 58-bed SNF in Forest Hills, Michigan, for $4.4 million
- An unnamed, 134 . . .