CareTrust REIT Inc. has acquired six Mid-Atlantic nursing facilities for about $142 million, the San Clemente real estate investor in healthcare facilities announced today.
The portfolio includes 532 licensed beds and is operated by a new tenant for CareTrust. Shares in CareTrust were down 1% to $35.96 apiece with an $8 billion market cap.
“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,” Chief Executive Dave Sedgwick said in a statement.
The company has closed on approximately $3.3 billion of investments over the past two years, according to Sedgwick.
CareTrust also announced several promotions and new hires, including the promotion of Derek Bunker to chief financial officer. Bunker succeeds William Wagner, who has been CFO since the company’s inception in 2014.
