CareTrust REIT closes $291M in deals, hits $1.5B invested in 2026
CareTrust REIT, Inc. (NYSE: CTRE) announced the closing of two transactions totaling approximately $291 million, including a 16-property care home portfolio in the United Kingdom and two senior housing communities in Utah.
On Aug. 1, 2026, CareTrust acquired two off-market Utah senior housing communities with 212 assisted living and memory care units for approximately $65 million, inclusive of transaction costs. The communities will be managed by an existing operator and added to CareTrust's senior housing operating portfolio.
In early August, CareTrust also acquired 16 care homes across England and Scotland for approximately $226 million, inclusive of transaction costs. The portfolio is operated under a long-term lease to an existing management team. Chief Investment Officer James Callister said, "It further expands our rapidly growing UK footprint and reflects how we're sourcing and executing quality opportunities in the region."
CareTrust also closed additional third-quarter 2026 investments, including a loan to an existing operator secured by a California senior housing and skilled nursing campus, and one additional triple-net leased UK care home.
Third-quarter investments to date total approximately $308 million at a blended stabilized yield of approximately 7.8%. Total 2026 investment activity has reached approximately $1.5 billion at a blended stabilized yield of approximately 8.7%.
The company reported an investment pipeline of approximately $540 million in near-term opportunities, consisting of roughly two-thirds skilled nursing acquisitions and the remainder a mix of UK care homes and loans secured by skilled nursing facilities. Larger portfolio opportunities under evaluation are not included in that figure.
