Skilled Nursing News December 19, 2024
The “flywheel is racing” for CareTrust REIT (NYSE: CTRE), CEO David Sedgwick said in announcing a renewed and doubled unsecured revolving credit facility at $1.2 billion.
The San Clemente, Calif.-based real estate investment trust is on pace to close on approximately $1.5 billion of investments this year, almost seven times its annual average, Sedgwick said in a statement.
“Today’s announcements bolster a historically strong position from which to build on this year’s momentum,” he said. “Not including Phase 2 of the Tennessee acquisition, targeted for month-end, we currently have an investment pipeline of approximately $350 million, not including larger portfolio opportunities we are reviewing.”
Sedgwick refers to the pending acquisition of a 31-facility portfolio for about $500 million, its largest...
Today's Sponsors
Today's Sponsor