CareTrust REIT announced Wednesday that it had completed a joint venture investment to acquire La Fuente Post Acute, a 187-bed skilled nursing facility located in Vista. The undisclosed sum included CareTrust’s combined common equity and preferred equity investments totaling $25.5 million, with an initial contractual yield of approximately 9.7%. Once regulatory approval is obtained, the facility will be operated by Bayshire Senior Communities under a new 15-year lease with the JV landlord featuring 3% fixed annual rent escalators and two five-year extension options. As managing member of the JV entity, CareTrust oversees all operations related to this acquisition.
“Washington Nationals Announce Year-Round Ballpark Usage Plans”
The Washington Nationals have announced their preliminary plans to revamp their stadium into a year-round entertainment district, featuring an array
Steve Griffin
January 30, 2025
