MISSION VIEJO, CA—Another new name has entered the ever-growing list of companies, pension and equity funds, and real estate investment trusts (REITs) looking to acquire healthcare properties.
This one enters the fray with a somewhat small portfolio already under its belt, as CareTrust REIT Inc. (Nasdaq: CTRE), which began trading on the Nasdaq exchange on June 1, is a spinoff of a veteran senior housing owner and operator, Ensign Group Inc. (Nasdaq: ENSG) of Mission Viejo.
Officials with the new REIT say they not only plan to expand the company's geographic footprint from primarily western states to the rest of the country, but that they also have designs on acquiring property types other than just seniors facilities; that would including medical office buildings (MOBs).
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