CareTrust (NYSE: CTRE) provided more details Thursday on its second mega deal of the year – a $437 million acquisition following the close of the third financial quarter. Significant activity in the U.K. care homes market has seen the involvement of large U.S. REITs, including CareTrust and Welltower. San Clemente, California-based CareTrust completed approximately $59 […]
CareTrust REIT
CareTrust REIT (NYSE: CTRE) on Wednesday announced a series of transactions totaling about $437 million. Two of the transactions, which closed in late October, consisted of 12 skilled nursing facilities and one skilled nursing campus located across the Southeast and Mid-Atlantic, the San Clemente, Calif.-based real estate investment trust (REIT) said in a statement. “We’re […]
LTC Properties (NYSE: LTC) is poised to have the lowest concentration of skilled nursing assets in its portfolio in company history. The Westlake Village, California-based real estate investment trust (REIT) has been actively expanding its seniors housing operating portfolio (SHOP). As a result, its portfolio will shift from about an equal balance between private-pay senior […]
CareTrust REIT (NYSE: CTRE) continued its aggressive expansion in the second financial quarter and beyond, adding 10 nursing homes to its roster on the heels of a transformative acquisition of Care REIT. And, a robust pipeline of about $600 million is currently made up mostly of skilled nursing opportunities, CEO Dave Sedgwick said in a […]
The Ensign Group, Inc. (Nasdaq: ENSG) announced Monday that it is expanding its footprint across California, Wisconsin and Iowa. The acquisitions in California were effective on August 1, 2025, and are subject to new triple net lease arrangements with affiliates of CareTrust REIT (NYSE: CTRE) and International Equity Partners. “We are thrilled to get this […]
CareTrust REIT (NYSE: CTRE) acquired 10 nursing homes in the Pacific Northwest for $146 million, the real estate investment trust announced on Monday. The 10 facilities are spread across Idaho, Oregon and Washington, and comprise 911 licensed beds. The deal was completed through a joint venture agreement between CareTrust and an unnamed large third-party health […]
In a bid to maintain operational strength for years to come, CareTrust REIT Inc. (CTRE) made some bold moves during the first quarter, including a $856 million strategic acquisition of U.K.-based Care REIT. CEO and President Dave Sedgwick cited the deal as an example of his company’s desire to seize a window of opportunity to […]
Blueprint facilitated the sale of Project United, a clustered portfolio made up of five skilled nursing facilities and two assisted living communities in the greater Cleveland, Ohio area. Meanwhile, Berkadia arranged a $15 million HUD loan for a California-based client, including for new additions to a 99-bed SNF in Washington. Seven-asset portfolio with 5 SNFs […]
Larger nursing home chains have been selective in making acquisitions amid an abundance of facilities for sale. However, now seems to be a good time for growth, as several industry players announced on Wednesday the acquisition of nursing homes and other long-term care assets. Ensign and CareTrust partnered in a transaction involving a California-based campus […]
PACS Group (NYSE: PACS) leaders are facing a shareholder lawsuit tied to an alleged scheme to submit false Medicare claims. Five PACS executives, including CEO Jason Murray and CFO Derick Apt, are named as defendants in the now-consolidated federal securities fraud class action lawsuit. According to the complaint filed on March 21, these PACS executives […]
Greystone provided $29.9 million in bridge financing for the acquisition of a six-facility portfolio in Rhode Island. Meanwhile, a 300-bed New York nursing home received $25 million in financing from MONTICELLOAM. Greystone Provides $29.9M in Bridge Financing for Six Facilities Greystone provided $29.9 million in bridge financing for the acquisition of a six-facility skilled nursing […]
CareTrust REIT (NYSE: CTRE) executives said Thursday that they have no plans to slow down dealmaking in 2025, noting that the fundamentals for skilled nursing remain strong. They anticipate no major disruptions from potential Medicaid or Medicare changes under the new administration, high interest rates, and exposure to PACS Group (NYSE: PACS) holdings. “Financial markets, […]
Average occupancy for the nursing home sector grew slightly to 80.5% towards year-end, posting a 10-basis-point increase month over month. Over the course of last year, occupancy levels showed a recovery back to pre-pandemic levels. Moreover, according to Stephens Inc.’s latest figures updated through Dec. 1 and released Wednesday, average occupancy for two large sector […]
Indiana-based Majestic Care added six properties in Ohio to its portfolio. Meanwhile, Ensign announced its part in a recent acquisition of Alabama and Tennessee properties formerly operated by American Health Communities and Rehab America. Majestic Care Adds Six Nursing Homes in Ohio Indiana-based Majestic Management added six long-term care facilities to its portfolio effective Dec. […]
Despite the sector continuing to grapple with staffing shortages, rising operational costs, and regulatory uncertainty, emerging trends have skilled nursing leaders gearing up for a positive 2025, with fewer challenges and more opportunities on the horizon. As we look ahead, several key trends are expected to shape the sector from regulatory shifts to financial turbulence, […]
The “flywheel is racing” for CareTrust REIT (NYSE: CTRE), CEO David Sedgwick said in announcing a renewed and doubled unsecured revolving credit facility at $1.2 billion. The San Clemente, Calif.-based real estate investment trust is on pace to close on approximately $1.5 billion of investments this year, almost seven times its annual average, Sedgwick said […]
The PACS Group closed on a 11-facility skilled nursing portfolio in Tennessee for an undisclosed amount, while CFG closed out five deals totaling $54 million in the last two months. PACS Group Closes on Tennessee Portfolio Sale The PACS Group (NYSE: PACS) on Dec. 1 closed on the operations of 11 skilled nursing facilities in […]
CareTrust REIT (NYSE: CTRE) has acquired a 46-facility skilled nursing and senior housing portfolio for $97 million, the San Clemente, California-based real estate investment trust announced Monday morning. The portfolio is located in the Midwest and is being acquired “in coordination with the bankruptcy and sale of all assets of the debtor/seller,” according to CareTrust’s […]
Sabra Healthcare REIT (Nasdaq: SBRA) has had several quarters in a row of continuing occupancy and rent coverage improvement in all of its primary asset classes, including skilled nursing, distancing themselves from the pandemic, leaders said. Meanwhile, its investment pipeline is seeing more activity in the past months, with primarily deals of one or two […]
Leaders with CareTrust REIT (NYSE: CTRE) added more detail surrounding the company’s latest investments, including the acquisition of 31 skilled nursing facilities in Tennessee and Alabama for $500 million, along with another transaction yet to close for $57 million involving four skilled nursing facilities located in the Northeast. American Health Partners was announced as the […]
Subscribe
Receive industry updates and breaking news from SNN.