US-based CareTrust REIT has revealed the acquisition of a portfolio of 16 care homes across England and Scotland for an initial investment of approximately US$226m, inclusive of transaction costs. It says the portfolio is operated under a long-term lease to an experienced management team with a track record of successful care home operations.
“This was a complicated deal to get across the line,” said James Callister, CareTrust’s CIO. “It further expands our rapidly growing UK footprint and reflects how we’re sourcing and executing quality opportunities in the region.”
The company also announced it closed on a mix of other investments in the third quarter 2026, including one additional triple-net leased UK care home.
In 2025, CareTrust acquired UK-based Care REIT for a total purchase price of approximately US$840.5m, of which US$595.4m represented a cash consideration to acquire Care REIT common shares, together with the assumption of US$245.1m in net debt and transaction fees.
