After spending most of 2019 pruning its portfolio, CareTrust REIT (Nasdaq: CTRE) is adding senior housing to its asset mix. The San Clemente, California-based health care real estate investment trust on Tuesday announced the acquisition of four rental continuing care retirement communities (CCRC) in Southern California, as well as a new operator relationship. The campuses […]
Bayshire Senior Communities
Transactions & Financings: Brookdale Turns Over Operations of 4 Communities; JLL Completes $19M Sale
Brookdale Senior Living (NYSE: BKD) is making progress on its ongoing portfolio optimization initiative. The largest senior housing provider in the U.S. recently exited management arrangements on four communities in California. Dallas-based Pegasus Senior Living assumed management of two communities in suburban Sacramento, which were rebranded as Elk Grove Park, in Elk Grove; and Sterling […]
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