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CareTrust REIT Announces $437 Million of Acquisitions

  • CareTrust REIT closed a series of transactions totaling approximately $437 million in late October.
  • The company acquired 12 skilled nursing facilities & one campus across the Southeast & Mid-Atlantic, comprising ~1,760 licensed beds & units.
  • These assets are leased to experienced operators under long-term triple-net leases featuring annual rent escalators & renewal options.
  • Two additional investments were closed, consisting of one skilled nursing facility & two assisted living communities in separate markets.
  • The blended stabilized yield for all four transactions is approximately 8.8%.
  • Funding for the transactions was provided using cash on hand.
  • The closing brings the company's annual investment total to approximately $1.6 billion.
  • CEO Dave Sedgwick noted the company deployed over $1.5 billion in 2024 & acquired Care REIT while entering the UK market in the first half of 2025.
  • CareTrust maintains a focus on high-quality, accretive opportunities in both the US & UK healthcare sectors.