CareTrust REIT closed approximately $1.1 billion of investments in Q2 2025, highlighting a rapid growth trajectory.
Over the past 18 months, the company deployed roughly $2.7 billion, surpassing total investments of the previous 8 years combined.
The company acquired Care REIT and entered the U.K. care home market, diversifying its asset and operator base, with a pipeline of approximately $600 million.
Strategic Shift to Operations-Oriented Culture (Healthcare Realty 2.0)
Transition from a transactions-oriented culture focused on acquisitions and development to an operations-oriented culture prioritizing earnings growth.
Implementation of a new operating model to drive cost savings and enhance asset management.
Focus on strengthening tenant relationships and making leasing decisions based on economic returns.
Management's tone emphasizes confidence in the new strategic direction after assessing market and internal feedback.
Closed $204 million in acquisitions including the Ohio Light industrial portfolio, acquired at a 6.7% initial yield with in-place rents approximately 22% below market.
Occupancy increased sequentially, with an expected year-end same-store occupancy near 96.5%.
Plymouth Industrial REIT reported strong leasing activity with over 1.4 million square feet commenced in Q2 2025, totaling nearly 6 million square feet year-to-date.
Same-store NOI grew 4.1% on a cash basis, supported by strong rent growth and renewal activity.
Share repurchases totaled over 805,000 shares in the quarter plus 225,000 shares post quarter-end.
MetLife's Strategic Investment in Reinsurance via Chariot Re
MetLife launched Chariot Re with an initial $10 billion reinsurance deal, aiming to support growth in its diversified retirement platform.
The partnership with General Atlantic and the reinsurance deal are designed to generate institutional client assets and support the company's strategic expansion.
Michel Khalaf emphasized that Chariot Re is a vehicle to enable growth beyond MetLife’s capital generation capabilities, with more deals expected in the future.
Strategic Diversification into European and CMBS Markets
The company is actively diversifying its portfolio geographically into Europe, with new originations expected by the end of 2025.
KREF has closed on a B-Piece investment in a diversified pool of 34 low leverage, fixed-rate first mortgage loans across property types and geographies.
Management highlighted the creation of more portfolio duration through CMBS investments, leveraging their K-Star platform, which is a rated special servicer.
This strategic move aims to enhance risk-adjusted returns and create a more resilient, diversified investment portfolio.
Dafinchi