About CareTrust REIT, Inc.
CareTrust REIT, Inc. ("CareTrust REIT" or the "Company") specializes in acquiring, financing, developing, and owning real estate properties leased to third-party tenants in the healthcare sector.
Property Portfolio
As of March 31, 2024, CareTrust REIT owned or held through joint ventures:
- 228 healthcare facilities, including skilled nursing facilities (SNFs), multi-service campuses, assisted living facilities (ALFs), and independent living facilities (ILFs).
- 24,189 operational beds/units across 29 states, with the highest rental income concentration in California and Texas.
Additional Investments
As of March 31, 2024, the Company also held:
- 1 preferred equity investment
- 9 real estate secured loans receivable
- 4 mezzanine loans receivable
Total carrying value of these investments: $233.3 million.