Reuters logo
BRIEF-Caretrust REIT acquires Illinois skilled nursing portfolio
March 2, 2017 / 1:58 PM / 9 months ago

BRIEF-Caretrust REIT acquires Illinois skilled nursing portfolio

March 2 (Reuters) - Caretrust Reit Inc

* Caretrust REIT acquires Illinois skilled nursing portfolio

* Deal for $29.2 million

* Investment is scheduled to generate initial annual rent of $2.9 million, for an initial cash yield of 10.0%

* Caretrust REIT funded acquisition with cash on hand

* It acquired five skilled nursing facilities in Illinois

* Caretrust REIT funded acquisition with cash on hand Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below