CareTrust Buys Idaho Skilled Nursing Facility
CareTrust REIT has acquired the newly constructed Cascadia of Nampa, a 99 bed rehabilitation facility in Nampa, Idaho.
The facility brings tenant Cascadia Healthcare’s Idaho portfolio to a total of 12 assets and 1,013 licensed beds. CareTrust’s total investment in the property was $12.8 million.
The asset is located at 900 N. Happy Valley Road, Cascadia of Nampa opened in November 2017. It features a long term lease with Cascadia Healthcare with approcimately 12 years remaining on the initial term plus three five year renewal options. The property is one block from the 152-bed Saint Alphonsus Medical Center and approximately 20 miles from a newly completed sister facility in Boise.
The REIT holds a total of 215 net-leased healthcare properties across 27 states, 152 of which are skilled nursing facilities. One of its more recent deals is the acquisition of a 186-bed facility in Butte, Mon., with a master lease held by Salt Lake City-based Eduro Healthcare.
Fulya Altunyay/[email protected]