CareTrust REIT (NYSE: CTRE) — Company Overview, News & Financial Data
CareTrust REIT focuses on acquiring and managing healthcare properties used for senior housing and skilled nursing.
CareTrust REIT
CareTrust REIT is a self-administered, publicly traded real estate investment trust focused on the ownership, acquisition, and leasing of healthcare-related properties across the United States. The company acquires and owns skilled nursing facilities, multi-service campus properties, assisted living centers, independent living communities, and memory care facilities. Operating primarily through a triple-net lease structure, the company leases its real estate portfolio to independent healthcare operators who manage day-to-day operations and care delivery. In addition to net-leased properties, the company selectively engages in mortgage loans and other healthcare real estate financing solutions to support industry operators and expand its portfolio footprint.
Snapshot
Operations
Products and/or services of CareTrust REIT
- Skilled Nursing Facilities: Long-term lease holdings of post-acute care and skilled nursing real estate, leased to regional and national healthcare operators under long-term triple-net agreements providing specialized nursing care, rehabilitative therapies, and clinical services.
- Assisted Living Communities: Real estate ownership of residential senior care facilities designed for older adults requiring assistance with daily activities, including personal care support, meal services, and medication management delivered by third-party tenant operators.
- Multi-Service Senior Campuses: Integrated real estate complexes offering multiple levels of senior care within a single location, combining independent living, assisted living, and skilled nursing units to accommodate changing resident needs over time.
- Memory Care Facilities: Purpose-built residential care properties customized for individuals suffering from Alzheimer's disease and other forms of dementia, leased to specialized healthcare operators providing secure environments and dedicated cognitive care programs.
- Independent Living Communities: Housing properties for seniors requiring minimal personal care assistance, offering private residential units alongside communal amenities, dining options, organized social activities, and property management services delivered by operating partners.
- Healthcare Real Estate Financing: Provision of mortgage loans, mezzanine loans, and structured debt financing solutions to healthcare operators for property acquisition, facility expansion, recapitalization, and development projects across target US regional markets.
CareTrust REIT executive team
- David Matthew SedgwickCEO, President & Director
- James Barton CallisterChief Investment Officer & Secretary
- Derek Jonathon BunkerCFO & Treasurer
- Lauren BealeSenior VP & Chief Accounting Officer
- Joseph D. LayneSenior Vice President of Corporate Counsel
- Eric GillisSenior Vice President of Asset Management
- Tri TranSenior Vice President of Investments
- Roger E. LatySenior Vice President of Tax
- Kyle BennionSenior Vice President of Investments & Transactions Counsel
- Rory WilliamsSenior Vice President of Asset Management