Business
CareTrust REIT Announces Approximately $628 Million of Investments
DANA POINT, Calif., April 27, 2026--CareTrust REIT, Inc. (NYSE:CTRE) ("CareTrust" or the "Company") announced today the recent closing of investments totaling approximately $628 million.
About this update from Caretrust Reit, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1701,"height":701,"url":"https://media.zenfs.com/en/business-wire.com/295e3b43f3b0871b57c8cceaad6f55d7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Ueulyj7LQdLTdIYyCjGvSg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM5Ng--/https://media.zenfs.com/en/business-wire.com/295e3b43f3b0871b57c8cceaad6f55d7","width":960,"height":396},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/dz.AO2WMYPL22cdp9odmlw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD05OTA-/https://media.zenfs.com/en/business-wire.com/295e3b43f3b0871b57c8cceaad6f55d7","width":1200,"height":495}},"lazy":false},{"type":"text","content":"DANA POINT, Calif., April 27, 2026--(BUSINESS WIRE)--CareTrust REIT, Inc. (NYSE:CTRE) ("CareTrust" or the "Company") announced today the recent closing of investments totaling approximately $628 million.","length":223,"tagName":"p"},{"type":"text","content":"In mid-April, the Company closed on a series of related off market transactions with a quality skilled nursing operator based in California in what is a new relationship for CareTrust. As part of the transaction, CareTrust acquired 15 skilled nursing facilities for approximately $380 million (inclusive of transaction costs) comprising approximately 1,700 beds located across California. The portfolio is leased back to affiliates of the seller under a long-term triple-net lease with annual rent escalators and purchase options in the seller’s favor beginning in the ninth year of the term. Simultaneous with the sale-leaseback, the Company also originated two loans to affiliates of the seller, secured by portfolios of skilled nursing facilities located in California and Washington. The first loan of $55 million has a five-year term that is fully amortized at a rate of 8.7%, while the second loan of $108 million is interest only with a rate of 9.5% and is expected to be repaid within the year.","length":1002,"tagName":"p"},{"type":"text","content":"Also in mid-April, the Company acquired four care homes in the UK for approximately £42 million. The portfolio comprises 202 beds and specializes in high acuity mental health and specialist care services located throughout the midlands and the north of England. CareTrust will acquire a fifth home for approx...