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CARETRUST NEWS RELEASE CareTrust Announces Strategic SHOP Pipeline Agreement with LNT Care Developments to Acquire 45 New UK Care Homes for £ 1.1 Billion 2026-10-02 DANA POINT , Calif .-- ( BUSINESS WIRE ) -- Care Trust REIT , Inc. ( NYSE : CTRE ) ( " Care Trust " or the " Company " ) announced today that it has entered into a definitive agreement with LNT Care Developments Holdings Limited ( “ LNT ” ) , a prolific United Kingdom - based care home developer and operator , to acquire 45 new care homes for approximately £ 1.1 billion in a strategic transaction for the Company that secures a pathway to building a significant senior housing operating portfolio ( " SHOP " ) platform across the U.K. The transaction is structured with staggered closings , the first of which occurred on October 1 , 2026 , and comprised 24 homes , all constructed within the past two years , for approximately £ 576 million ( or approximately $ 764 million ) ¹ exclusive of transaction costs.2 The investment was funded using a combination of proceeds from the settlement of outstanding forward equity agreements and a draw on the Company's revolving credit facility . The remaining 21 homes are currently under development , which Care Trust will acquire for approximately £ 504 million upon completion and receipt of regulatory approvals anticipated to occur on a rolling basis throughout 2027 . Based on the British Pound Sterling to U.S. Dollar exchange rate of 1.327 on September 28 , 2026 . 2 Includes one completed and operating home , the closing of which remains subject to receipt of regulatory approval anticipated in October 2026 . Overview of Transaction Structure • All homes are , or will be upon closing , leased to subsidiaries of Crystal Care , LNT's care home operating portfolio company , under triple - net leases that provide for fixed annual escalators and renewal options ( the " Lease - up Phase " ) . 1