Spin-off firm CareTrust has its eye on new tenants and regions, perhaps MOBs
By John B. Mugford
The healthcare real estate sector’s newest REIT is really not all that new, at least when it comes to being involved in senior housing facilities.
However, even those involved in medical office buildings (MOBs) might want to become familiar with the name of CareTrust REIT Inc. (Nasdaq: CTRE), which was recently spun off from a veteran senior housing owner and operator, Ensign Group Inc. (Nasdaq: ENSG) of Mission Viejo, Calif.
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