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CareTrust REIT Announces $119 Million of Recent Investments; Reloaded Pipeline

CTRE
  • CareTrust REIT closed two investments totaling approximately $119 million effective April 1, 2026.
  • The company acquired a Southern California senior housing & skilled nursing campus comprising 120 licensed skilled nursing beds & 273 senior housing units.
  • The California campus is triple-net leased to an existing operator with annual inflation-based rent escalators, renewal options, & a commitment for up to $5 million in capital improvement funds within 18 months.
  • The company originated a mortgage loan secured by five skilled nursing communities in the Midwest containing approximately 506 licensed beds.
  • The Midwest loan supports the borrower's acquisition of facilities to be operated under a long-term triple net lease by a management team with a long-standing relationship & strong performance track record.
  • The mortgage terms include an option for CareTrust to purchase the facilities in the future while the existing master lease remains in place.
  • Both transactions were funded using proceeds from settled equity forward contracts.
  • These deals follow the February 2026 acquisition of three UK care homes for approximately $29.4 million.
  • The blended stabilized yield for the three 2026 transactions is approximately 8.6%.
  • CareTrust's 2026 year-to-date investment total reaches roughly $364 million with a blended stabilized yield of approximately 8.8%.
  • The company's reloaded investment pipeline stands at $500 million of near-term actionable opportunities following these deals.
  • CareTrust remains focused on deploying capital in a disciplined manner across its skilled nursing, senior housing, & other healthcare-related property platforms.