CareTrust REIT, Inc. (NYSE:CTRE) has announced the appointment of Lauren Beale as its Chief Accounting Officer (CAO), effective January 1, 2025. This marks a significant milestone for the company, as Ms. Beale becomes the first CAO after serving in various leadership roles since the inception of CareTrust. Bill Wagner, the Chief Financial Officer, noted that Lauren's appointment to CAO is the result of years of tireless effort to help build CareTrust from scratch.
The company also welcomed Tri Tran as the new Senior Vice President, Investments. Mr. Tran brings with him extensive experience in investing in Triple Net Skilled Nursing/Assisted Living and Seniors Housing Operating Properties (SHOP). According to James Callister, the Chief Investment Officer, Tri's addition to the team is a significant reinforcement of their existing investment team.
In addition to these appointments, the company announced the promotions of Stephanie Singer to Vice President Financial Reporting and Michael Sotelo to Controller, effective January 1, 2025. The company's Chief Executive Officer, Dave Sedgwick, expressed that the timing of these promotions and appointments aligns perfectly with the company's plans to build on the extraordinary growth experienced in 2024.
CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust focused on the ownership, acquisition, development, and leasing of skilled nursing, seniors housing, and other healthcare-related properties. The company has a nationwide portfolio of long-term net-leased properties and is pursuing both external and organic growth opportunities across the United States.
These recent changes in leadership and promotions within CareTrust REIT, Inc. signal a strategic move to align the company's internal structure with its plans for future growth and expansion. The market has reacted to these announcements by moving the company's shares -1.7% to a price of $26.58. For the full picture, make sure to review CareTrust REIT's 8-K report.
