CareTrust REIT closes $119 million in healthcare property investments

CareTrust REIT Inc. (NYSE: CTRE) announced the completion of two investments totaling approximately $119 million, both effective April 1, 2026.

The real estate investment trust acquired a senior housing and skilled nursing campus in Southern California featuring 120 licensed skilled nursing beds and 273 senior housing units. The property will operate under a triple-net lease with an existing operator through a long-term agreement that includes annual inflation-based rent increases and multiple renewal options. CareTrust committed to provide up to $5 million in additional capital improvement funds within 18 months of closing.

In a separate transaction, the company originated a mortgage loan secured by five skilled nursing communities in the Midwest containing approximately 506 licensed beds. The loan supported the borrower's acquisition of facilities that will operate under a long-term triple-net lease. The loan terms include an option for CareTrust to purchase the facilities while maintaining the existing master lease.

Both transactions were funded using proceeds from settled equity forward contracts, according to the company's announcement.

CareTrust also disclosed a February acquisition of three care homes in the United Kingdom for approximately $29.4 million. The company stated the blended stabilized yield for these three transactions was approximately 8.6%.

Combined, these deals bring CareTrust's 2026 year-to-date investment total to roughly $364 million at a blended stabilized yield of approximately 8.8%. The company reported its investment pipeline contains $500 million of near-term opportunities, excluding larger portfolio transactions under evaluation.

CareTrust REIT owns, acquires, develops and leases skilled nursing, senior housing and other healthcare-related properties across the United States and United Kingdom.

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