CareTrust REIT Acquires Two Illinois Memory Care Facilities with New Operator Relationship 17nailyntow
SAN CLEMENTE, Calif.–(BUSINESS WIRE)–CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has acquired a 136-unit, two-facility memory care portfolio located in the greater Chicago metropolitan area. The facilities will be operated by affiliates of Chapters Living, LLC, a new operator relationship for CareTrust. Chapters Living is a seniors housing and memory care operator based in the Midwest led by industry veteran Danny Stricker. Chapters took over operations at the facilities from the outgoing operator on May 1, 2023 pursuant to […]