IDAHO – CareTrust REIT Inc. has acquired the 99-bed transitional rehabilitation facility, Cascadia of Nampa, in Nampa, Idaho. The REIT is adding the newly constructed, skilled nursing facility to their existing Cascadia Healthcare LLC portfolio, for a current total of 12 facilities and 1,013 beds under the Idaho-based company's master lease.
CareTrust has supported the project from inception, making a preferred equity investment of $12.8 million to construct the facility in 2016, with Cascadia's development affiliate. CareTrust also secured the option to purchase the facility at a formula-based price upon completion, in November 2017.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
