CareTrust REIT Growing Since Spin Off

Greg Stapley, president and CEO of CareTrust REIT (NYSE: CTRE), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

CareTrust was formed two years ago when it spun off from The Ensign Group. The REIT operates 144 net-leased health care properties and three senior housing properties across 18 states.

Stapley discussed the evolution of CareTrust since its formation.

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Hilton to Spin Off Real Estate into REIT

Hilton Worldwide said Feb. 26 that it plans to spin off the bulk of its hotel real estate holdings into a publicly traded REIT by the end of the year.

McLean, Virginia-based Hilton Worldwide noted that it received a private letter ruling from the Internal Revenue Service regarding the spin-off. The hotel company intends to file appropriate registration statements with the Securities and Exchange Commission (SEC) during the second quarter.

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Care Capital CEO Says Spin Off from Ventas Went Smoothly

Ray Lewis, CEO of Care Capital Properties, Inc. (NYSE: CCP), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Care Capital was spun off from Ventas, Inc. (NYSE: VTR) in mid-2015 as a pure-play REIT focused on the skilled nursing facility market. Lewis said the transition went well.

“We were very well prepared, and the spin couldn’t have gone smoother,” Lewis observed.

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