CBRE Group Inc. sells 15 facilities
CBRE Group Inc. announced the sale of 15 skilled nursing, assisted living and independent living facilities in Cincinnati and Dayton, OH, in a $173 million transaction to CareTrust REIT Inc. The name of the seller was not disclosed.
The transaction involved more than 1,200 licensed beds, the majority in the greater Cincinnati and Dayton areas. CBRE advised the seller as the transaction grew from originally four outlying assets to include the bulk of the portfolio.