CareTrust REIT, Inc. announced the appointment of Diana M. Laing, recently-retired Chief Financial Officer of single-family housing REIT American Homes 4 Rent, to its board of directors. Ms. Laing will fill the remaining term of former director David Lindahl, who resigned in November 2018 to pursue other interests. Laing currently serves as an independent director on the boards of The Macerich Company and Spirit Realty Capital, Inc. With the appointment of Ms. Laing, CareTrust's board consists of five members, including Mr. Stapley, CareTrust’s executive chairman and cofounder and former executive vice president of The Ensign Group, Inc.; Jon D. Kline, founder and chief executive officer of Clearview Hotel Capital, L.L.C. and former president and chief financial officer of Sunstone Hotel Investors, Inc.; Allen C. Barbieri, former chairman and chief executive officer of Biosynthetic Technologies, L.L.C. and former president and chief executive officer of Pacific National Bank; and Spencer G. Plumb, president and chief executive officer of Sabin Holdings, L.L.C. and cofounder and former president and chief operating officer of Excel Trust, Inc.
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.