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.
Hilton LXR Hotel and Timeshares to Replace Offices at Nashville’s Fifth Third Center
Office space at the downtown Fifth Third Center in Nashville is set for a major hospitality-focused conversion, with hundreds of
Steve Griffin
August 18, 2026
