Dave Sedgwick, president and CEO of CareTrust REIT (NYSE: CTRE), sat down for a video interview during Nareit’s REITworld: 2025 Annual Conference in Dallas on December 8-11.
Sedgwick said strong operator relationships and healthy lease coverage have positioned CareTrust to focus its energy on growth rather than remediation. “Having great operators with a really healthy lease coverage means that all of our efforts can really be on offense,” he said, noting that avoiding constant re-tenanting and asset dispositions frees up time and capital for expansion.
That offensive posture supported a busy year of diversification, Sedgwick added. Historically a pure-play skilled nursing REIT with some senior housing exposure, CareTrust added a U.K. care home platform in 2025 and recently entered the SHOP sector with its first deal, acquiring three facilities in the Houston area. The moves give the company three distinct engines of growth heading into 2026, he said.
Sedgwick emphasized that operators are also a key source of opportunity, bringing CareTrust off-market deals that align with shared growth goals. Looking ahead, he highlighted the scale of the company’s recent momentum, from record investment volumes to internal expansion.
“We’ve gone from historically about $225 million a year of investments to $1.7 billion this year,” he said, adding that with a larger team and broader platform, “the table is set” for another strong year.