CareTrust REIT Inc. today announced the closing of two investments totaling $119 million.
The San Clemente real estate investor in healthcare facilities acquired a senior housing and skilled nursing campus in Southern California, comprising 120 licensed beds and 237 senior housing units. The other transaction was for five skilled nursing communities in the Midwest with 506 licensed beds.
“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,” CareTrust Chief Executive Dave Sedgwick said in a statement.
Last month, the company also closed on three care homes in the United Kingdom for $29.4 million, bringing its total investments for 2026 to date to roughly $364 million.
Shares in CareTrust closed down 2.4% at $37.41 and an $8.4 billion market cap (NYSE: CTRE).
