ALBUQUERQUE, N.M., and BROWNSVILLE, Texas — CareTrust REIT, Inc. (NASDAQ: CTRE) has acquired two skilled nursing facilities: The Rio at Cabezon, a 136-bed facility located in Albuquerque, and The Rio at Fox Hollow, a 126-bed facility in Brownsville, at the southern tip of Texas along the Mexican border.
Skilled Nursing
LAMAR, Colo., MONTE VISTA, Colo., and MYRTLE POINT, Ore. — Lancaster Pollard has arranged $9.5 million in FHA financing for Summit Healthcare REIT. The loans will refinance the acquisition loans on three skilled nursing facilities in the Western United States.