CareTrust REIT Acquires Three Texas Senior Living Communities for $40 Million
CareTrust REIT Inc. has acquired three senior living communities in Texas for $40 million, marking the launch of its senior housing operating portfolio (SHOP) platform. The properties, with 270 units, will be managed by Sinceri Senior Living. This strategic acquisition adds a third growth avenue for CareTrust, alongside its US skilled nursing and UK care home investments.
CareTrust REIT Inc. has acquired three senior living communities in Texas for approximately $40 million, marking the launch of its senior housing operating portfolio (SHOP) platform. The properties, totaling 270 assisted living and memory care units and about 86% occupied at the time of purchase, will be managed by affiliates of Sinceri Senior Living. This acquisition, funded with cash on hand, represents a strategic move for CareTrust, adding a third growth avenue alongside its US skilled nursing and UK care home investments. The company plans to continue evaluating further acquisition opportunities in both the US and UK. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CareTrust REIT Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251201870544) on December 01, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
