CareTrust REIT, Inc. (NYSE:CTRE) ("CareTrust" or the "Company") announced today the closing of two investments totaling approximately $119 million, each effective April 1, 2026.

The Company acquired a senior housing and skilled nursing campus located in Southern California, comprising 120 licensed skilled nursing beds and 273 senior housing units. The campus will be triple-net leased to an existing operator of the Company under a long-term lease with annual inflation-based rent escalators and multiple renewal options, along with a commitment from the Company to provide additional rent-enhancing capital improvement funds of up to $5 million within 18 months of closing.