CareTrust REIT Acquires Skilled Nursing Portfolio for $400 Million; Announces $600 Million Reloaded Pipeline
CareTrust REIT acquired a large southwest skilled nursing portfolio for $400 million, effective September 1, 2026, comprising 2,622 licensed beds triple-net leased to an existing operator with inflation-based rent escalators. CareTrust funded approximately $380 million of the deal through a joint venture sourced off-market. Management expects the portfolio to generate a stabilized yield of approximately 8.6%, with funding from cash on hand and proceeds from settled equity forward contracts.
Key figures
- Deal Value Usd
- 400000000
- Purchase price
- $400 million
- Qtd investments
- approximately $710 million
- Stabilized yield
- approximately 8.6%
- Licensed snf beds
- 2622
- Ytd blended yield
- approximately 8.7%
- Near term pipeline
- approximately $600 million
- Pipeline shop share
- roughly half
- Ytd 2026 investments
- $1.9 billion
- Revolver availability
- $725 million
- Ytd transaction count
- two dozen transactions
- Atm remaining capacity
- $612 million
- Caretrust jv investment
- $380 million
- Unsettled forward equity proceeds
- $439 million
AI analysis
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