
17:27 ET Community Healthcare Trust Announces the Closing of Recent Capital Recycling Real Estate Transactions

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Community Healthcare Trust Incorporated (NYSE: CHCT) announced the closing of a $29.7 million inpatient rehabilitation facility disposition and a $28.5 million acquisition of a newly constructed inpatient rehabilitation facility. The transactions were part of a 1031 tax deferred exchange and the company's capital recycling program. The reinvestment was made at a 140 basis points premium to the disposition cap rate, with no increase in leverage, and reduced tenant concentration.
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