CareTrust REIT, Inc. Appoints Spencer G. Plumb as Independent Class III Director
March 01, 2017 at 08:05 am EST
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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. The Company owns, directly or through joint ventures, and leased to independent operators, 232 skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs) and independent living facilities (ILFs) consisting of approximately 25,128 operational beds and units located in 28 states with the highest concentration of properties by rental income located in California and Texas. It leases healthcare-related properties to healthcare operators in triple-net lease arrangements. The Company 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.
CARETRUST REIT, INC. 
