Updated May 1, 2026
CareTrust REIT Acquires Senior Housing Facilities In Fremont And Pleasant Hill For $61.7M
2500 Country Drive & 1911 Oak Park Boulevard
$61,700,000
Building Size
—
Asset Type
Senior Housing
Closing
Apr 30, 2026
About this deal
AI
The transaction involves two senior housing facilities located at 2500 Country Drive and 1911 Oak Park Boulevard, situated in the markets of Fremont and Pleasant Hill. The properties include a total of 239 beds, comprising the 126-bed Windsor Country Drive Care Center and the 113-bed Rosewood Post Acute. The total sale price for these facilities was $61,700,000, facilitating an all-cash acquisition from an undisclosed seller.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $61,700,000
- Address: 2500 Country Drive & 1911 Oak Park Boulevard
- Market: Fremont & Pleasant Hill
- Beds: 239
- Buyer: Dave Sedgwick - CareTrust REIT
CareTrust REIT, represented by Dave Sedgwick in this transaction, has acquired this portfolio amidst rising investor demand driven by the aging demographics, signaling a response to the growing needs for senior housing facilities in the region.
Fremont Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93