Dave Sedgwick & James Callister Acquire Nursing Home Portfolio In $55.6M Deal

The acquisition involved three skilled nursing facilities in a portfolio transaction. CareTrust REIT purchased the properties for a total of $55.6 million. The facilities add 210 skilled nursing beds and 24 assisted living units to CareTrust's portfolio, expanding its master lease with PACS Group, Inc. The deal also provides the tenant with the option to buy two of the facilities after four years.

Summary of transaction details:

• Property Type: Nursing Home
• Transaction Amount: $55,600,000
• Buyer: Dave Sedgwick & James Callister - CareTrust REIT
• Market: Houston & Texas; Columbia, Missouri
• Address: Portfolio

Dave Sedgwick and James Callister from CareTrust REIT were the key individuals behind this transaction. The acquisition of the skilled nursing facilities aims to enhance the company's healthcare portfolio by adding valuable assets that contribute to its expansion strategy.