CareTrust REIT Inc (CTRE) Q4 2019 Earnings Call Transcript

CareTrust REIT Inc (CTRE) Q4 2019 Earnings Call Transcript

Management on the call this morning include Bill Wagner, Chief Financial Officer; Dave Sedgwick, Chief Operating Officer; Mark Lamb, Chief Investment Officer; and Eric Gillis, Director of Asset Management.. We do worry sometimes that the noise that we experienced in the second half of the year might mask the fact that 2019 was our biggest year ever for acquisitions with over $340 million in new investments made in the year that we're very excited about.. More importantly and part of the reason we're excited is that we made them with outstanding operators who are doing a good job in those facilities.. Proceeds from dispositions and loan repayments are already being recycled in the more desirable assets with superior operators.. Our success in making these changes has reaffirmed our belief that principles of sound stewardship requires not only to grow and diversify earnestly, but to also prune the portfolio responsibly from time to time.. With that, I'd like to turn some time over to Dave to talk about the changes we've made in current operations.. With regards to Metron, I had said on last quarter's call that we expected to sell the portfolio sometime in Q1 of this year.. One quarter