Agreement signedPublished 29 Oct 2024

CareTrust REIT, Inc. /
Tennessee SNF Facilities

CareTrust REIT agrees to invest in Tennessee skilled nursing facilities

Buy side: CareTrust REIT, Inc.
Buy sideCareTrust REIT, Inc.
Target: Tennessee SNF Facilities
TargetTennessee SNF Facilities
Source · 29 Oct 2024Source-verified
Buy side: CareTrust REIT, Inc.
Buy sideCareTrust REIT, Inc.
Target: Tennessee SNF Facilities
TargetTennessee SNF Facilities
01 / BuyerCareTrust REIT, Inc.
02 / TargetTennessee SNF Facilities
Source-verified
01

What happened

CareTrust REIT, Inc. and a joint venture partner entered into an agreement to acquire the Tennessee SNF Facilities for approximately $500 million. The portfolio includes 31 skilled nursing facilities and 3,290 licensed beds in Tennessee and Alabama.

CareTrust expects to contribute approximately $442 million toward the purchase price through the joint venture.

02

The source

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01
Source · Original source

CareTrust REIT agrees to invest in Tennessee skilled nursing facilities

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03

Timeline

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