CareTrust REIT recently completed two transactions totaling approximately $291 million, including a 16-property care home portfolio in the UK and two senior housing communities in Utah.
The investments bring CareTrust’s total 2026 investment activity to approximately $1.5 billion at a blended stabilized yield of roughly 8.7%.
CareTrust acquired two off-market Utah senior housing communities for approximately $65 million, including transaction costs. The properties contain 212 assisted living and memory care units and will become part of CareTrust’s senior housing operating portfolio.
The communities will be managed by an existing CareTrust operating partner with a local presence.
CareTrust also invested approximately $226 million to acquire 16 care homes across England and Scotland. The portfolio is operated under a long-term lease by an experienced management team.
Along with the two highlighted deals, CareTrust completed additional third-quarter investments including a relationship-based loan secured by a California senior housing and skilled nursing campus and another triple-net leased UK care home.
Third-quarter investments completed so far total approximately $308 million at a blended stabilized yield of about 7.8%.
CareTrust also reported approximately $540 million of near-term actionable opportunities in its investment pipeline. Roughly two-thirds consists of skilled nursing acquisitions, with the remainder including UK care homes and strategic loans secured by skilled nursing properties.
Larger portfolio opportunities under consideration are not included in that pipeline figure.
KEY QUOTES:
“These communities are quality assets with an excellent reputation in a market we know well. Opened within the past ten years, these communities have a lot of potential to deliver long-term top- and bottom-line results through continued strong performance.”
Tri Tran, Senior Vice President of Investments at CareTrust
“This was a complicated deal to get across the line, and closing it speaks to the discipline and solutions-oriented approach of our team. It further expands our rapidly growing UK footprint and reflects how we’re sourcing and executing quality opportunities in the region.”
James Callister, Chief Investment Officer of CareTrust
“The two transactions highlighted here showcase why our strategic expansion last year into the UK care home market and adding a SHOP platform were so transformative for CareTrust. With approximately $1.5 billion invested year to date and a reloaded pipeline of approximately $540 million, we’re excited to see momentum building across all three engines of growth.”
Dave Sedgwick, CEO of CareTrust
