CareTrust REIT Acquires $400M Skilled Nursing Portfolio in Southwest
CareTrust REIT (CTRE) has acquired a portfolio of skilled nursing facilities located in the Southwest for $400 million. The off-market transaction, effective September 1, marks another step in CTRE's expansion strategy as it builds toward an estimated $600 million pipeline by year-end 2026. The acquisition aligns with CareTrust’s focus on healthcare real estate and reflects its active pursuit of strategic investments to grow its asset base. The deal is expected to support the company’s long-term growth objectives, particularly in a sector experiencing increasing demand due to aging demographics and evolving care models.
Tickers: $CTRE