Chief Executive Officer, President & Director, Caretrust Reit
Search every verified David Sedgwick interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Dave Sedgwick, president and CEO of CareTrust REIT, has described the company’s May 2025 acquisition of a UK-based REIT as a “transformative deal.” The $840 million transaction added approximately 135 properties and 14 operators to CareTrust’s portfolio. Sedgwick stated that the acquisition provides “another engine of growth outside of the United States” and diversifies the company’s holdings, which have historically been concentrated in U.S. skilled nursing facilities. He noted that integrating the UK acquisition would occupy the remainder of 2025, with synergies expected to be realized in 2026. Sedgwick has also pointed to demographic trends as a tailwind for the sector, citing a “silver tsunami” in which the population of 80- and 85-year-olds is expected to double in the coming years. He said there is an “imbalance between supply and demand” in skilled nursing and seniors housing, with facility supply declining. In 2024, Sedgwick highlighted the company’s strong balance sheet, including a fully paid-off $600 million line of credit and low debt-to-EBITDA, as positioning CareTrust for growth while competitors remain on the sidelines. He added that the company is exploring expansion into behavioral health properties and rehab hospitals, and is “looking at seniors housing more seriously” as a potential area for further diversification.
“We've always been very heavy on the skilled nursing side of things, which we love, and we're going to continue to invest in skilled nursing, but to have another profile of growth in the UK for those care homes sets us up for many years of growth.”
“There is a real imbalance between supply and demand, meaning that there's much more demand for the skilled nursing and seniors housing product than there is today. In skilled nursing, the supply of facilities has actually been on the decline while we're entering into this multi-decade phase of growth in that demographi...”
“We have the silver tsunami where 80 and 85 year olds are going to be doubling in the amount over the course of the coming years. And so if you think about the big trends, it's hard to find an asset class of real estate that is better positioned than seniors housing and skilled nursing for this demographic wave.”
“On May 9th, we closed on an acquisition of a UK-based REIT. So, London listed about $840 million in size, 14 operators, about 135 properties, sort of 10 years of investment work done all in one day. It's super exciting for us because what that does is really two things.”
“It gives us another engine of growth outside of the United States and it also diversifies the portfolio. We've always been very heavy on the skilled nursing side of things which we love and we're going to continue to invest in skilled nursing, but to have another profile of growth in the UK for those care homes sets us...”
“We're integrating that UK acquisition. That will probably take the rest of this year to get that really buttoned up, realize all the synergies going into 2026.”
“We're also looking at seniors housing more seriously than we have for some time. We've been putting a lot of work into it. Like I said, we're mostly skilled nursing, but just like we've diversified with in the UK, I could see us diversifying a little bit more with more of a senior's housing component as well.”
“Our balance sheet is in great shape; our $600 million line of credit has been completely paid off, and our debt to EBITDA is the lowest it's ever been, so we have a ton of dry powder to take advantage of an opportunity to grow like we really never have.”
“The big theme for the year ahead is really just growth. Many of our competitors are on the sidelines because of the interest rate environment, but our company has just been built for times like this.”
“We feel like there's this window of opportunity that we've just never seen before; while a lot of people are on the sidelines, that means there's more opportunity for us.”
“The only limitation for our growth is do we have a great operator to partner with and do we have the internal capabilities to digest the type of growth that we have in front of us.”
“Our pipeline is so full with our bread and butter skilled nursing and assisted living properties that we acquire, but we have also opened the sandbox to include Behavioral Health properties and are even looking at rehab hospitals and things a little bit up the acuity ladder.”
Dave Sedgwick, president and CEO of CareTrust REIT, Inc. (NYSE: CTRE), sat down for a video interview during Nareit's ...
Dave Sedgwick, president and CEO of CareTrust REIT, Inc. (NYSE: CTRE), participated in a video interview during Nareit's ...
Sign in to search the full transcript archive, filter by topic, and access every quote from David Sedgwick.
The summary and quote tags on this profile are produced with AI assistance from verified, first-person interview transcripts, then checked by our team to confirm the speaker's identity and the accuracy of every quote. See how we verify →