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StocksMedium•6 April 2026•

1 min read

CareTrust REIT Invests $119 Million in Southern California Healthcare Facilities

Key Facts

1CareTrust REIT announced the closing of two investments totaling approximately $119 million.

2The investments include a senior housing and skilled nursing campus in Southern California with 120 beds and 273 units.

3The campus will be triple-net leased to an existing operator under a long-term lease.

CareTrust REIT (NYSE: CTRE) has announced the closing of two significant investments totaling approximately $119 million. The acquisition features a senior housing and skilled nursing campus in Southern California, comprising 120 beds and 273 residential units. The facility will be operated under a long-term triple-net lease by an existing partner of the company. This move aligns with CareTrust's broader strategy to deploy capital into its growing investment pipeline within the healthcare sector. Analysts expect the acquisition to support the company's Funds From Operations (FFO) and provide stable rental income. The deal underscores CareTrust's ability to execute strategic growth initiatives in high-demand real estate markets.

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