US investor CareTrust REIT announced it has acquired a portfolio of 16 care homes across England and Scotland for an initial investment of approximately $226 million, inclusive of transaction costs.
CareTrust stated that the portfolio, acquired earlier this month, “is operated under a long-term lease to an experienced management team with a track record of successful care home operations”.
CareTrust’s chief investment officer James Callister said: “This was a complicated deal to get across the line, and closing it speaks to the discipline and solutions-oriented approach of our team. It further expands our rapidly growing UK footprint and reflects how we’re sourcing and executing quality opportunities in the region.”
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