A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing real estate, like shopping centers, apartments, or office buildings. For investors, REITs offer a way to invest in real estate without having to buy property directly, often providing regular income through dividends. They function like a mutual fund for real estate, making it easier for people to add property investments to their portfolio.
market capfinancial
Market capitalization, or market cap, is the total market value of a publicly traded company’s outstanding shares, found by multiplying the current share price by the total number of shares. It acts like a company price tag that helps investors compare size, understand how widely the stock is traded and how much risk or growth potential the company may have—larger caps tend to be steadier, while smaller caps can be more volatile and offer higher growth possibilities.
machine learningtechnical
Machine learning is a set of computer programs that learn patterns from large amounts of data and improve their predictions or decisions over time, like a recipe that gets better each time it’s adjusted based on taste tests. For investors it matters because these systems can speed up analysis, spot trends or risks humans might miss, automate routine work, and potentially create competitive advantages or cost savings that affect a company’s performance.
DANA POINT, Calif.--(BUSINESS WIRE)--
CareTrust REIT, Inc. (NYSE:CTRE) (“CareTrust” or the “Company”) today announced the promotions and new hires of key personnel, further bolstering the Company’s capacity to diversify, improve, and grow for years to come.
Chief Executive Officer, Dave Sedgwick, said, “Over the last two years alone, we have grown in market cap from approximately $2 billion to over $8 billion, acquired 260 properties, expanded into the UK, set up SHOP, and delivered in a major way for our operators and shareholders. The entire CareTrust team has risen to the occasion and remains anxious to grow and demonstrate our capabilities.” Mr. Sedgwick continued, “We are thrilled to announce the promotions of the following key colleagues who embody the CareTrust way. They have an ownership mentality, a hunger to improve, and are great team players.”
Key Promotions Recognize Internal Talent
CareTrust is pleased to announce the following promotions:
Derek Bunker to Chief Financial Officer
Joe Layne to Senior Vice President, Corporate Counsel
Rory Williams to Senior Vice President, Portfolio Management
Brandon Keller to Vice President, Asset Management
Josh Hillman to Vice President, Investments
Shane Archer to Asset Manager, Asset Management
Nick Winthrop to Senior Associate, Investments
Michael Pellegrino to Senior Analyst, Asset Management
Tara Mohammadi to Accounting Supervisor, Accounting
New Hires Strengthen & Expand Capabilities
CareTrust also welcomes several new professionals to its team:
Kyle Bennion as Senior Vice President Investments, Transactions Counsel
Dan Chin as Vice President of Data & Analytics
Emily Meckler as Finance Director
Landon Hallmark as Machine Learning Engineer, Data & Analytics
About CareTrust REIT
CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, senior housing and other healthcare-related properties. With a portfolio of long-term net-leased properties spanning the United States and United Kingdom, and a growing portfolio of quality operators leasing them, CareTrust is pursuing both external and organic growth opportunities across the United States and internationally. More information about CareTrust REIT is available at www.caretrustreit.com.
