David Sedgwick on acquisition
From CareTrust REIT CEO Says Expansion into UK Market “Transformative” for REIT · · Nareit1
“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.”
On , David Sedgwick, Chief Executive Officer, President & Director at CARETRUST REIT INC, spoke about acquisition during CareTrust REIT CEO Says Expansion into UK Market “Transformative” for REIT on Nareit1.
About David Sedgwick
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.