Mozart Healthcare was going to be a different kind of skilled nursing landlord. This was in 2018, before the viability of the traditional setup for operators and their real estate investment trust (REIT) landlords started to come into question publicly. The goal was to work closely with operator tenants, rather than being a distant entity […]
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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