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CareTrust buys assisted living facility in Bountiful, Utah

CareTrust REIT Inc. acquired the 62-unit Barton Creek Senior Living facility in Bountiful, Utah, from nonprofit South Davis Community Hospital Campus in an off-market transaction.

The property sits in the Lake View Hospital campus and has a remaining lease term of 15 years with two five-year renewal options. It was added to the real estate investment trust's existing master lease with senior housing operator Bayshire LLC.

CareTrust used its cash on hand and drawdown from its $600 million unsecured revolving credit facility to buy the property.