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CareTrust REIT Claims Escondido Senior Facility
San Clemente, CA-based CareTrust REIT, Inc acquired Vista del Lago, a 52-unit, 96-bed memory care community in San Diego, from Torrey Pines Development Group for $12.5 million. The North County property, located at 1817 Avenida Del Diablo in Escondido, has been leased to San Diego-based seniors housing operator Bayshire, LLC, which has managed the facility for the related-party seller since 2016.
The recently-renovated community has been thoughtful designed and includes substantial amenity space. The single-story property sits on a well-manicured 2.3-acre site, and incorporates Spanish and Southwestern architectural elements.
The Cushman & Wakefield team involved in the transaction included Rick Swartz, Jay Wagner, Aaron Rosenzweig, Dan Baker, Tim Hosmer and Bailey Nygard.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


