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CareTrust REIT Acquires Skilled Nursing Portfolio For $400 Mln

Source: Nasdaq

M&A & RestructuringHousing & Real EstateHealthcare & BiotechCompany Fundamentals

CareTrust REIT announced a $400 million acquisition of a portfolio of skilled nursing facilities in the Southwest. The transaction expands the healthcare real estate REIT's asset base and exposure to skilled-nursing properties, with likely relevance to CTRE's growth and portfolio composition.

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CTRE0.72

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