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CareTrust REIT (NYSE:CTRE) stated on Thursday it has acquired two nursing services in two completely different transactions with a complete funding quantity of $62.1M. The 2 services are a 125-licensed mattress expert nursing facility within the Mid-Atlantic and a 134-licensed mattress expert nursing facility situated on the West Coast. CareTrust (CTRE)’s funding within the 125-bed Mid-Atlantic facility was roughly $37.7M and can generate preliminary annual base hire of $3.4M. The corporate acquired the 134-licensed mattress expert nursing facility for $24.5M. The investments had been funded utilizing money available. Chief Funding Officer, James Callister additionally introduced a replenished funding pipeline of roughly $230M of near-term, actual property acquisition alternatives.
