CareTrust REIT Acquires Two California Senior Living Facilities

CareTrust REIT, Inc. (CareTrust) acquired two California senior living facilities in transactions that closed in March and April 2025, with a combined investment value of $55 million. The investments were funded using cash on hand.

On March 1, 2025, CareTrust acquired a 160-bed residential care facility in Concord for about $20.6 million. The facility will be operated by affiliates of Kalesta Healthcare Group.

On April 1, 2025, as part of a joint venture, CareTrust acquired a campus in Los Alamitos with a 150-bed skilled nursing facility and a 140-unit assisted living facility. The transaction was valued . . .