CareTrust REIT, Inc. (CTRE) announced today that it acquired Vista del Lago, a memory care facility in Escondido, California. The 52-unit facility with 96 licensed beds has been leased to San Diego-based seniors housing operator Bayshire, LLC, which has managed the facility for the related-party seller since 2016. The Vista del Lago transaction allowed Bayshire principal Scott Kirby, who was also a partner in the real estate seller, to recapitalize Bayshire and achieve a long-held goal of acquiring sole ownership of the operating company.

source https://finance.yahoo.com/news/caretrust-reit-acquires-california-memory-100100116.html?.tsrc=rss