Operator
Ladies and gentlemen, thank you standing by and welcome to the CareTrust REIT Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions]
After the speakers presentation, there will be a question-and-answer session [Operator Instructions].
As a reminder, today s conference call is being recorded.
I would now like to hand the conference to your host, Ms. Lauren Beale, Senior Vice President of Accounting and Controller of CareTrust REIT. Ma am, you may begin.
Lauren Beale
Senior Vice President of Accounting and Controller
Thank you, and welcome to CareTrust REIT s fourth quarter and year-end 2020 earnings call. Participants should be aware that this call is being recorded, and listeners are advised that any forward-looking statements made on today s call are based on management s current expectations, assumptions and beliefs about CareTrust s business and the environment in which it operates.
It’s a new day in the Business report. Starting next month, this newsletter will offer expanded real estate content including periodic market reports from staff writer Andrew Khouri and commercial coverage by Roger Vincent. But have no fear. The Times’ Jack Flemming will continue to bring you the latest celebrity and luxury housing stories. Read all about the transition in the Editor’s Note below.
Meanwhile, this week’s collection sees a casino mogul gambling on a big sale in Beverly Hills and an Oscar winner getting ready to hit the road in Pacific Palisades.
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As American Top 40 host Casey Kasem used to say, “The hits just keep on coming.” Topping the charts in this week’s roundup are the $88-million handoff of a Holmby Hills mansion once owned by Sonny and Cher and a $27.5-million Bel-Air purchase by a well-known television host.
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Our Home of the Week in Beverly Hills is a 92-year-old Mediterranean that found new life in the 21st century. A dramatic remodel mixes modern amenities with original details such as beamed-and-stenciled ceilings, massive fireplaces and arched windows. The 11,000-square-foot mansion is priced at $25 million.
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The active real estate market in Southern California made it possible for some celebrities to wrap up their old business and leave it behind in 2020. Among recent sellers are a high-profile billionaire, a Laker and a “Game of Thrones” star.
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Our Home of the Week is a ranch-style house in Bel-Air. Offered at $3.3 million, the 1950s home has 3,410 square feet of living space accented by wood, brick and stone on a single story. It’s set on a leafy half-acre with an irregular-shaped swimming pool.
People across the state and nation may be hunkering down, but residential real estate activity in many markets continues relatively unabated. Virtual home tours, internet listing sites and electronic agreement services have taken many of the physical-world steps out of the process, allowing distanced deals to keep happening. Joining the housing market throng this week are a noted composer and his actress wife, a “Down to Earth” actor and the Sparks’ new general manager.
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