CareTrust REIT Acquires Skilled Nursing Facility in Dallas for $10M

by Taylor Williams

DALLAS — California-based CareTrust REIT Inc. (NASDAQ: CTRE) has acquired Lakewest Rehabilitation & Skilled Care, a 118-bed skilled nursing facility located in Dallas. Next Gen P LLC is the operator of the property, which was acquired for roughly $10 million.  Initial annual cash rent will be approximately $900,000. The seller was not disclosed.

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