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CareTrust REIT Acquires Pacific Northwest Portfolio for Approximately $146 Million

1. CareTrust REIT acquired a $146 million skilled nursing facility portfolio. 2. The acquisition adds 911 licensed beds across Idaho, Oregon, and Washington.

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+0.63%Current Return
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+1.29%S&P 500
$28.7606/02 06:49 AM EDTEvent Start
$28.9406/03 01:23 PM EDTLatest Updated
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FAQ

Why Bullish?

This strategic acquisition enhances CareTrust's asset base and revenue potential, influencing investor confidence positively. Historically, similar acquisitions have led to stock price increases for REITs due to perceived growth.

How important is it?

The acquisition is a significant move in expanding CareTrust's market footprint, likely appealing to investors and enhancing its valuation metrics.

Why Long Term?

The benefits from acquisitions typically unfold over several quarters; thus long-term growth is expected. For example, companies like Welltower and Healthpeak have seen sustained increases post-acquisition.

Related Companies

WELLPEAKVTR
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) (“CareTrust” or the “Company”) announced today that, together with a joint venture partner, it has acquired a portfolio of skilled nursing facilities located in the Pacific Northwest for a total purchase price of approximately $146 million, inclusive of transaction costs. The portfolio consists of 10 facilities comprising 911 licensed beds located across Idaho, Oregon and Washington. The acquisition was completed through a.

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