CareTrust REIT, Inc. Appoints Spencer G. Plumb as Independent Class III Director
March 01, 2017 at 01:05 pm
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CareTrust REIT, Inc. announced that Spencer G. Plumb has been appointed as an independent Class III director to CareTrust REIT's Board of Directors, effective February 28, 2017. Mr. Plumb's appointment fills the vacancy that resulted from Mr. Gary B. Sabin's previously disclosed resignation from the Board of Directors, effective August 1, 2016. Mr. Sabin had resigned to accept a full-time service assignment in Europe with his church. Mr. Plumb is the President and Chief Executive Officer of Sabin Holdings.
CareTrust REIT, Inc. is a self-administered, real estate investment trust (REIT). The Company is engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. It has a portfolio of long-term net-leased properties, and a portfolio of operators leasing them. It owns, directly or through joint ventures, and leased to independent operators, skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of approximately 25,848 operational beds and units located in 29 states. It leases healthcare-related properties to healthcare operators in triple-net lease arrangements. It extends secured mortgage loans to healthcare operators, secured by healthcare-related properties and secured mezzanine loans to healthcare operators, secured by membership interests in healthcare-related properties.