US healthcare senior housing real estate investment trust CareTrust REIT has acquired a $146m (€128m) portfolio of skilled nursing facilities with an unnamed joint venture partner.

NYSE-listed CareTrust said it contributed $141m via common and preferred equity investments, to acquire the portfolio of 10 facilities located across Idaho, Oregon and Washington in the new joint venture with the “large third-party healthcare real estate owner”.

James Callister, CareTrust’s CIO, said: “We are excited to announce the acquisition of 10 skilled nursing properties in a transaction that reflects both our commitment to disciplined growth and the continued opportunity in the post-acute sector.

“Working alongside two strong existing tenants and our joint venture partner to navigate a complex closing structure has been a pleasure, and we’re thrilled to add to relationships that align with our long-term strategy.”

Callister said the deal brings CareTrust’s annual investment to approximately $1.1bn, adding that the firm deployed over $1.5bn in skilled nursing and seniors housing investments in 2024.

Joe Callan, SVP of investments at CareTrust, said: “This acquisition further underscores the favourable investment environment we are seeing and highlights CareTrust’s unique ability to leverage its operator roots to grow our portfolio with high-quality tenants.”

To read the latest IPE Real Assets magazine click here.   

Topics