CareTrust REIT announced it has completed approximately $119 million in new investments, marking continued momentum in its 2026 deal activity and expanding its footprint across senior housing and skilled nursing assets.
The company closed two transactions effective April 1, 2026. The first involved acquiring a senior housing and skilled nursing campus in Southern California with 120 licensed skilled nursing beds and 273 senior housing units. The property will be leased under a long term triple net agreement to an existing operator, with built in annual rent escalators tied to inflation and renewal options. CareTrust also committed up to $5 million in additional capital improvements within 18 months to enhance the asset’s value.
The second transaction consisted of originating a mortgage loan secured by five skilled nursing facilities in the Midwest, totaling approximately 506 licensed beds. The loan supports the borrower’s acquisition of the facilities, which will be operated under a long term triple net lease by a management team with an established relationship with CareTrust. The deal also includes an option for CareTrust to acquire the facilities in the future.
Both investments were funded through proceeds from settled equity forward contracts.
In addition, the company noted that in February it completed a separate $29.4 million acquisition of three care homes in the United Kingdom, leased to a new operating partner. Across these transactions, CareTrust reported a blended stabilized yield of approximately 8.6%. Year to date, the company has deployed roughly $364 million at an average stabilized yield of about 8.8%.
Following these deals, CareTrust’s near term investment pipeline has been replenished to approximately $500 million, excluding larger portfolio opportunities still under evaluation. The company emphasized its continued focus on disciplined capital deployment and long term partnerships with operators across its three growth platforms in the United States and internationally.
KEY QUOTES:
“We’re pleased to announce a pair of transactions that reflect the real investment we’ve made in cultivating deep relationships throughout the industry. The Southern California campus is a high-quality asset located a few blocks from the hospital with tons of upside and a well-established operating partner in which we have tremendous confidence. The Midwest portfolio technically introduces a new operator to our portfolio, though it’s a management team we’ve known and respected for a long time. We’re excited to formalize that relationship and put capital to work alongside them, with the opportunity for it to lead to our goal of long-term ownership in the underlying real estate.”
James Callister, Chief Investment Officer, CareTrust REIT, Inc.
“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, CareTrust REIT, Inc.
“We’re off to a strong start in 2026, and these investments are a continuation of the growing momentum we’ve been building across our three growth platforms. Our balance sheet remains in excellent shape, and we continue to see a robust set of opportunities ahead. The breadth and quality of what we’re seeing across all three platforms gives us great confidence in our ability to continue compounding value for our shareholders in the years ahead.”
Dave Sedgwick, President And Chief Executive Officer, CareTrust REIT, Inc.
