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.
Greystone Provides $91.9M in Fannie Mae Loans for New York Affordable Housing Refi and Acquisition
Greystone has originated $91,851,000 in Fannie Mae financing to support the refinance and acquisition of three affordable housing communities in
Steve Griffin
July 24, 2026
