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Balance Sheet Cash Flow Statement 505 Fifth Ave., 6th Fl. New York, NY 10017 NY Tel. 212-771-0505 |
Type: Public
On the web:
http://www.carereit.com
Care Investment Trust is interested in health and wealth. The real estate investment trust (REIT) was formed to invest in health-care-related mortgage debt and real estate including medical office buildings, assisted living facilities, hospitals, labs, and skilled nursing centers. Its real estate portfolio consists of facilities throughout the US including Texas, Louisiana, and Utah. Care also provides first lien, mezzanine, and construction loans. The company's external manager CIT Healthcare, a subsidiary of commercial finance giant CIT Group, feeds it mortgage business. Care, which began operating in 2007, also takes advantage of opportunities outside the usual scope of CIT Healthcare.
Key numbers for fiscal year ending December, 2008:
Sales: $22.3M
One year growth: 72.3%
Net income: ($30.8)M
Officers:
Chairman: Flint D. Besecker
President and CEO: F. Scott Kellman
CFO and Treasurer: Paul F. Hughes
Competitors:
Extendicare REIT
HCP
Nationwide Health Properties
