---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-044099"
form_type: "8-K"
ticker: "CTRE"
cik: "0001590717"
company_name: "CareTrust REIT, Inc."
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T09:14:31.278602+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CareTrust REIT JV agrees to acquire $500M skilled nursing portfolio; total pipeline $700M

## Summary
- 31 facilities (3,290 beds) in Tennessee and Alabama; expected to close Q4 2024 in two phases.
- CareTrust to invest ~$442M for 92.5% preferred equity and 3.75% common equity; initial yield ~9.0%.
- Operators: Ensign (9 facilities), PACS (12), Links (7), and new regional operator (3) under long-term master leases.
- Annual base rent to JV expected ~$44.4M; pipeline of $700M in near-term actionable opportunities.

## SEC filing metadata
- accession: 0001628280-24-044099
- form_type: 8-K
- ticker: CTRE
- cik: 0001590717
- company_name: CareTrust REIT, Inc.
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590717/000162828024044099/0001628280-24-044099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590717/000162828024044099/ctre-20241029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-044099
- JSON: https://secwatch.observer/filing/0001628280-24-044099.json
- Plain text: https://secwatch.observer/filing/0001628280-24-044099.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.