San Clemente-based CareTrust REIT Inc. today announced it closed on approximately $628 million worth of investments.
The investment includes 15 skilled nursing facilities in California, four care homes in the United Kingdom and another skilled nursing facility in Wyoming, bringing its year-to-date investment total to $990 million.
“With nearly $1 billion already closed this year we are well on our way to another exceptional year,” Chief Executive Dave Sedgwick said in a statement.
After the recent deals, CareTrust has about $450 million in potential investments, according to Sedgwick.
CareTrust also announced that it received an investment grade rating upgrade from Moody’s.
Shares in CareTrust were up 1.8% to $38.66 and an $8.6 billion market cap (NYSE: CTRE).
The company is set to report first quarter earnings on May 7 after the market closes.
