CareTrust Announces $119M in New Investments, Including Deal Tied to 5 Nursing Homes
CareTrust REIT (NYSE: CTRE) announced Tuesday that it has closed two new investments totaling $119 million, including the acquisition of a portfolio of five skilled nursing facilities (SNFs).
The deal with five SNFs is located in the Midwest with a combined 506 licensed beds. CareTrust originated a mortgage loan for the acquisition of these facilities, which will be operated under a long-term triple-net lease by a proven management partner, the company said in a press release. The agreement includes an option for CareTrust to purchase the facilities in the future.
In addition, the California-based real estate investment trust (REIT) also acquired a senior housing and skilled nursing campus in Southern California with 120 licensed beds and 237 senior housing units. The campus will be triple-net leased to an existing CareTrust operator under a long-term lease with annual inflation-based rent escalators and multiple renewal options, along with a commitment to provide additional rent-enhancing capital improvement funds of up to $5 million within 18 months of closing, the press release stated.
The Southern California campus is a “high-quality asset” with strong upside and a trusted operating partner, executives said, while the Midwest portfolio adds a new operator to its portfolio – a management team known and respected by CareTrust leaders. and supports CareTrust’s goal of long-term real estate ownership.
“These transactions are a good example of the range of opportunities we’re seeing across the skilled nursing and senior housing sectors. With a healthy deal landscape, we remain focused on deploying capital in a disciplined and collaborative way with best-in-class operators,” Joe Callan, senior vice president of investments, noted.
The deals, effective April 1, reflect ongoing momentum across the company’s three growth platforms, according to CEO Dave Sedgwick.
“We’re off to a strong start in 2026, and these investments continue the momentum we’ve been building across our three growth platforms,” Sedgwick said in the press release.
CareTrust’s near-term investment pipeline totals about $500 million following these deals, excluding larger or additional opportunities under evaluation, he noted.
These latest deals follow a March acquisition of three care homes in the United Kingdom for $29.4 million, bringing CareTrust’s total 2026 investments to approximately $364 million year to date.
