CareTrust REIT announced the acquisition of three Texas senior living communities comprising 270 assisted living and memory care units for approximately $40 million. The acquisition was effective Dec. 1, 2025, and marks the first investment of CareTrust’s senior housing operating portfolio (SHOP) platform.
The company noted that this acquisition represents a meaningful milestone in CareTrust’s continued growth and diversification, offering direct exposure to a senior housing sector with compelling fundamentals and allowing the company to participate directly in property-level performance. The three communities, located in attractive Texas markets and approximately 86 percent occupied at the time of acquisition, will be managed by affiliates of Sinceri Senior Living. The acquisition was funded with cash on hand.
“Entering the SHOP space is an exciting and natural extension of our investment platform,” said James Callister, CIO at CareTrust, “We’ve long consi
