CareTrust REIT Acquires $437 Million Portfolio of Skilled Nursing Facilities

Reuters11-06
CareTrust REIT Acquires $437 Million Portfolio of Skilled Nursing Facilities

CareTrust REIT Inc. has announced the recent completion of a series of real estate acquisitions totaling approximately $437 million. The transactions include the purchase of 12 skilled nursing facilities and one skilled nursing campus across the Southeast and Mid-Atlantic, adding about 1,760 licensed skilled nursing beds and assisted living units to CareTrust's portfolio. These properties are leased to a mix of existing and new operators under long-term, triple-net leases. In addition, CareTrust closed on one skilled nursing facility and two assisted living communities in separate markets. The blended stabilized yield for all acquisitions is approximately 8.8%. The company funded these investments with cash on hand and highlighted its continued commitment to growth in the skilled nursing and senior housing sectors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CareTrust REIT Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251105580649) on November 05, 2025, and is solely responsible for the information contained therein.
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