CareTrust REIT Acquires Senior Housing Facilities In Fremont And Pleasant Hill For $61.7M
California
See Similar DealsCareTrust REIT Acquires Senior Housing Facilities In Fremont And Pleasant Hill For $61.7M
2500 Country Drive & 1911 Oak Park Boulevard
See Similar DealsSummary
The transaction involves two senior housing facilities located at 2500 Country Drive and 1911 Oak Park Boulevard, situated in the markets of Fremont and Pleasant Hill. The properties include a total of 239 beds, comprising the 126-bed Windsor Country Drive Care Center and the 113-bed Rosewood Post Acute. The total sale price for these facilities was $61,700,000, facilitating an all-cash acquisition from an undisclosed seller.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $61,700,000
- Address: 2500 Country Drive & 1911 Oak Park Boulevard
- Market: Fremont & Pleasant Hill
- Beds: 239
- Buyer: Dave Sedgwick - CareTrust REIT
CareTrust REIT, represented by Dave Sedgwick in this transaction, has acquired this portfolio amidst rising investor demand driven by the aging demographics, signaling a response to the growing needs for senior housing facilities in the region.
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