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CareTrust REIT Enters SHOP; Acquires Three Senior Living Communities

  • CareTrust REIT acquired three Texas senior living communities comprising 270 assisted living & memory care units for approximately $40 million.
  • The transaction became effective on December 1, 2025, & marks the first investment under the Company's new senior housing operating portfolio (SHOP) platform.
  • Communities were approximately 86% occupied at acquisition & will be managed by affiliates of Sinceri Senior Living.
  • The acquisition was funded using cash on hand & is expected to deliver a going-in yield of approximately 7%.
  • This launch establishes CareTrust's third growth engine alongside its existing US skilled nursing & UK care home investment platforms.
  • CareTrust plans to evaluate additional acquisition opportunities in both the US & the UK leveraging its balance sheet strength.