Care Investment Trust owns senior housing facilities and senior housing-related debt assets. The company operates as a REIT. The company trades (quote) at a 7.8% yield and has significant excess capital. Originally formed to invest in healthcare-related mortgages issued by CIT Group (before CIT's 2009 bankruptcy) the company ran into trouble in the turbulent credit markets of 2008. After weighing various alternatives, including liquidation, the company ultimately sold a majority stake to Tiptree Financial Partners. Tiptree is managed by
Care Investment Trust
Care Investment Trust
Care Investment Trust
Care Investment Trust owns senior housing facilities and senior housing-related debt assets. The company operates as a REIT. The company trades (quote) at a 7.8% yield and has significant excess capital. Originally formed to invest in healthcare-related mortgages issued by CIT Group (before CIT's 2009 bankruptcy) the company ran into trouble in the turbulent credit markets of 2008. After weighing various alternatives, including liquidation, the company ultimately sold a majority stake to Tiptree Financial Partners. Tiptree is managed by