This will be a quick post about a sale of one of our holdings last week. Normally we do not trade in and out of our holdings, but occasionally a security sale is warranted.
Last week, we sold our position in Care Capital Properties Inc (CCP). Most people may not be aware of this company. The company was a spin-off from Ventas Inc (VTR) last year. Ventas decided to spin-off the skilled nursing facilities (SNF) business segment (except for a few specific properties, so Ventas still runs a few SNFs). We already own another company in the SNF space in the healthcare REIT sector: Omega Healthcare Investors Inc (OHI) and did not want another company overlapping the investment space. In order to simplify our portfolio, we sold our tiny position in CCP.
Full Disclosure: Long OHI, VTR. Our full list of holdings is available here.