San Clemente-based CareTrust REIT Inc. today announced its acquisition of two care homes in the United Kingdom for approximately $27 million.
Both homes have a combined 265 beds that mainly serve higher acuity residents and are leased to an existing operator.
“This acquisition is a strong addition to our portfolio and further evidence that our pipeline in the UK continues to expand,” CareTrust Chief Investment Officer James Callister said in a statement.
It’s the company’s second investment in the UK following its $817 million acquisition of Care REIT, a senior care real estate investment trust (REIT) in the UK, which was first announced in March and closed in May.
Shares were down 1.3% to $34.28 and a market cap of $7.6 billion.
