CareTrust REIT Completes Sale of Virginia Senior Housing Facilities

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Jan 04, 2023

CareTrust REIT, Inc. (NYSE:CTRE, Financial) announced today that it has completed the sale of five seniors housing facilities in Virginia for a purchase price of $13 million. The facilities sold included, in the aggregate, approximately 240 units. In connection with the completion of the sale, the facilities were removed from the company’s applicable master lease with affiliates of Noble Senior Services. The facilities were sold to a regional owner/operator of assisted living and memory care facilities.