Mergers & Acquisitions ·
CareTrust REIT completes £576M acquisition of 24 UK care homes from LNT Care Developments
CTRECareTrust REIT, Inc.
CareTrust REIT completed the acquisition of 24 UK care homes from LNT Care Developments for approximately £576 million ($764 million), with an option to acquire 21 additional in-development properties for £504 million ($669 million) through December 2027. The transaction, funded via forward equity settlements and a revolving credit facility draw, involves triple-net leases guaranteed by LNT during a lease-up phase, followed by a transition to a RIDEA-compliant SHOP structure upon stabilization. CareTrust also revised its full-year 2026 guidance upward, projecting normalized FFO of $2.06–$2.09 per share and net income of $1.54–$1.57 per share. The company operates in the healthcare real estate sector, owning and leasing skilled nursing and senior housing properties.