CareTrust REIT agrees to buy 45 new UK care homes from LNT for GBP 1.1 billion

Bitget2026/10/02 10:05

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CareTrust REIT agreed to acquire 45 newly built UK care homes from LNT Care Developments for about GBP 1.1 billion.
First closing on Oct. 1 covered 24 homes for about GBP 576 million, funded by forward equity settlements and a revolver draw.
Remaining 21 homes under development targeted for acquisition for about GBP 504 million, with closings rolling through 2027.
Assets leased to Crystal Care on triple-net terms during lease-up, with a planned shift to a RIDEA SHOP structure.
SHOP Phase expected to start two to four years post-completion, with mid- to high-7% pre-tax year-one yield guidance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CareTrust REIT Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-064352), on October 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CareTrust REIT agrees to buy 45 new UK care homes from LNT for GBP 1.1 billion

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