CareTrust REIT announced it acquired a portfolio of six skilled nursing facilities in the Mid-Atlantic for approximately $142 million, including transaction costs, in an off-market deal effective January 1, 2026.
The portfolio includes 532 licensed beds and is leased to a new operator under a long-term triple-net lease structure with annual inflation-based rent escalators and multiple renewal options. The company said it expects the portfolio to generate a 9% stabilized yield and funded the acquisition with cash on hand.
CareTrust framed the purchase as an extension of its 2025 investment pace. The company said it closed approximately $1.8 billion of investments during 2025, including entry into the U.K. care home market and the establishment of a seniors housing operating portfolio. CareTrust added that it has closed approximately $3.3 billion of investments over the past two years, and said its current investment pipeline stands at roughly $300 million following the latest acquisition.
KEY QUOTES
“We’re excited to begin 2026 with an off-market transaction that checks all the right boxes for us. The quality of the portfolio, attractive coverage metrics, and the opportunity to transact with a strong new tenant with a proven operating and credit profile make this a compelling investment and a great example of the disciplined, relationship-driven growth we continue to pursue.”
James Callister, Chief Investment Officer, CareTrust REIT
“We’re excited to establish a new relationship with a well-regarded operator that has demonstrated a strong track record of success. This investment highlights the depth of opportunities we continue to see in the market and our ability to source transactions that enhance portfolio quality while supporting long-term growth.”
Joe Callan, Senior Vice President of Investments, CareTrust REIT
“With 2025 in the books, we’re thrilled to report we have closed approximately $3.3 billion of investments over the past two years. Supported by a strong balance sheet and three fully operational growth engines, we’re opening the year with meaningful momentum, keeping our investment flywheel turning and setting the stage for another exceptional year in 2026.”
Dave Sedgwick, Chief Executive Officer, CareTrust REIT
