SAN CLEMENTE, Calif. — Gary Sabin will retire from the CareTrust REIT Inc. (NASDAQ: CTRE) board of directors. Sabin is leaving the company for a senior leadership position within The Church of Jesus Christ of Latter-day Saints.
Sabin will step down on Aug. 1. The board has launched an immediate search for a replacement to serve the rest of Sabin’s term, which expires during the 2017 annual meeting of stockholders.
CareTrust REIT Inc. is a publicly traded real estate investment trust focused on seniors housing and healthcare properties. The company is based in San Clemente, midway between Los Angeles and San Diego.