Mainstreet To Acquire CareIT Portfolio for $425M


A partnership between Mainstreet and Tiptree is set to purchase CareIT’s portfolio. The properties include 42 senior living communities and health-care facilities.

In a partnership with Tiptree Inc. and other subsidiaries, Mainstreet Health Investments is slated to acquire Care Investment Trust for approximately $425 million.

The health-care portfolio encompasses 35 independent living, assisted living and memory care properties and seven skilled nursing assets, comprising a total of 3,718 suites/beds located across 11 states. The deal is expected to close by the first quarter of 2018…

Mainstreet To Acquire CareIT Portfolio for $425M

Categories : Finance

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