Two years after launching real estate investment and management firm Mozart Healthcare in 2016, co-founder Archie Shkop decided to start a skilled nursing operating company. “I started realizing that as much as I knew operations, I needed to be in the thick of it with my tenants to understand the challenges they were facing,” Shkop […]
Paradigm
CareTrust REIT (Nasdaq: CTRE) this week announced the $49.3 million acquisition of four skilled nursing facilities in California operated by Covenant Care, Inc. The 503-bed portfolio comes to the San Clemente, Calif.-based real estate investment trust (REIT) through a sale-leaseback arrangement, with initial annual cash lease payments of $4 million and a 15-year term. The […]
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