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CareTrust REIT Pays $96M For Texas Portfolio

Law360, New York (December 1, 2016, 6:41 PM EST) -- California-based CareTrust REIT said Thursday it has acquired three skilled nursing facilities and one skilled nursing campus in the Dallas-Fort Worth area at a purchase price of approximately $95.9 million, including transaction costs.

CareTrust REIT Inc. said that as part of the acquisition, it has entered into a new tenant relationship with Priority Management Group LLC, a community health center revenue manager based in Pawtucket, Rhode Island, which has taken over operations as of Thursday.

“These well-regarded, well-located and recently built or renovated facilities are an...
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