CareTrust REIT has completed two recent transactions totaling approximately $291 million, expanding its portfolio across the United States and United Kingdom. The investments include two senior housing communities in Utah and a 16-property care home portfolio across England and Scotland.
On August 1, 2026, CareTrust acquired two off-market senior housing communities in Utah for approximately $65 million, including transaction costs.
The properties comprise 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 presence in the region.
CareTrust said the properties opened within the past 10 years and have the potential to generate long-term revenue and operating growth through continued performance.
In early August, CareTrust also acquired 16 care homes across England and Scotland for an initial investment of approximately $226 million, including transaction costs.
The portfolio is operated under a long-term lease by an experienced management team with a history of operating care homes.
The transaction further expands CareTrust’s presence in the U.K. care home market, which has become an increasingly important component of the company’s growth strategy.
CareTrust also completed several other investments during the third quarter, including a relationship-based loan to an existing operator secured by a California senior housing and skilled nursing campus and the acquisition of an additional triple-net leased care home in the U.K.
Including these transactions, CareTrust’s third-quarter investments to date total approximately $308 million at a blended stabilized yield of approximately 7.8%.
The activity brings the company’s total investments during 2026 to approximately $1.5 billion at a blended stabilized yield of approximately 8.7%.
CareTrust also disclosed an investment pipeline of approximately $540 million in near-term, actionable opportunities.
Approximately two-thirds of the pipeline consists of skilled nursing acquisitions. The remainder includes U.K. care homes and strategic loans secured by skilled nursing facilities.
The $540 million figure excludes larger portfolio transactions that CareTrust continues to evaluate.
The company said its recent momentum reflects the benefits of two strategic moves made in 2025: expanding into the U.K. care home market and adding a senior housing operating portfolio, or SHOP, platform.
CareTrust operates as a healthcare-focused real estate investment trust with properties across the U.S. and U.K. Its portfolio includes skilled nursing facilities, senior housing and other healthcare-related real estate.
The company is pursuing growth through acquisitions, operating investments, loans and long-term net-leased properties.
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, SVP of Investments at CareTrust REIT
“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 REIT
“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, Chief Executive Officer of CareTrust REIT
