CareTrust REIT, Inc. (NYSE:CTRE) ("CareTrust" or the "Company") announced today the acquisition of a large portfolio of skilled nursing facilities located in the southwest for a purchase price of $400 million, effective September 1, 2026.

The portfolio comprises 2,622 licensed skilled nursing beds and is triple-net leased to the existing operator under a long-term lease with annual inflation-based rent escalators and multiple renewal options. The facilities sit in markets where both the Company and the operator have established scale and deep operating history.

The opportunity was sourced off-market and was completed through a joint venture arrangement in which CareTrust invested approximately $380 million. The Company’s reputation for creative collaboration and ability to deliver certainty of close were influential in securing the transaction. The acquisition was funded using cash on hand and proceeds from the settlement of equity forward contracts. As of today, the Company has $439 million of expected net proceeds from unsettled forward equity contracts, $612 million of remaining capacity under its at-the-market program, and $725 million of availability under its revolver.

With this transaction, the Company has closed approximately $710 million of investments in the third quarter-to-date, which also includes a small care home acquisition in the United Kingdom in mid-August. The Company’s 2026 year-to-date investment total now stands at $1.9 billion across two dozen transactions at a blended stabilized yield of approximately 8.7%.