Parkway's share price is up about 86% since then, making it the top-performing U.S.-listed REIT over that period, according to financial research company FactSet.

WSJ: Buyout Firm to Try Hand At Fund

Gosman wanted to use the tax benefits of Santa Anita's paired-share REIT structure to aggressively acquire and operate more properties.

FORBES: Follow-through

Its largest nursing-home tenant is Genesis HealthCare, which operates more than 80% of the REIT's skilled-nursing portfolio.

WSJ: Health-Care Owners Shun Nursing Homes