San Clemente-based CareTrust REIT Inc. said today that it spent $5.4 million to buy a secured memory care and assisted living facility in Pensacola, Fla.
CareTrust owns, buys and leases senior housing and healthcare-related real estate.
Asbury Place Assisted Living, the Pensacola facility, has 38 units and 64 beds. CareTrust said it would be leased to and operated by Lakewood Ranch, Fla.-based Better Senior Living Consulting LLC.
Shares of CareTrust were up 1.9% to a market value of $519 million in midday trading.
