Dave Sedgwick, president and CEO of CareTrust REIT, Inc. (NYSE: CTRE), sat down for a video interview during Nareit’s REITweek: 2025 Investor Conference in New York City June 2-5.
Sedgwick highlighted key challenges and opportunities in the health care real estate sector, particularly within skilled nursing and senior housing. A major issue is the imbalance between supply and demand—while demand is rapidly growing due to aging demographics, the supply of facilities remains limited. This positions the sector well for long-term growth.
A significant development for CareTrust REIT is its recent acquisition of U.K.-based Care REIT plc for approximately $840 million. Sedgwick described it as a “transformative deal” marking its first international expansion, as well as adding 135 properties and diversifying its geographic footprint and portfolio mix. It also balances their traditionally U.S.-centric and skilled-nursing-heavy portfolio with new types of assets, he added.
Looking ahead, CareTrust plans to focus on integrating the U.K. acquisition throughout the remainder of the year and capitalizing on expected synergies by 2026. The company also sees growing opportunity in senior housing and is exploring increased investment in that area as part of its diversification strategy.