MISSION VIEJO, CA—Another new name has entered the ever-growinglist of companies, pension and equity funds, and real estateinvestment trusts (REITs) looking to acquire healthcareproperties.
This one enters the fray with a somewhat small portfolio alreadyunder its belt, as CareTrust REIT Inc. (Nasdaq:CTRE), which began trading on the Nasdaq exchange on June 1, is aspinoff of a veteran senior housing owner and operator,Ensign Group Inc. (Nasdaq: ENSG) of MissionViejo.
Officials with the new REIT saythey not only plan to expand the company's geographic footprintfrom primarily western states to the rest of the country, but thatthey also have designs on acquiring property types other than justseniors facilities; that would including medical officebuildings (MOBs).
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