CareTrust REIT, Inc. (CTRE) Presents at BofA Securities 2025 Global Real Estate Conference

Farrell Granath
Research Analyst

Thank you, everyone, for joining. We’re at the top of the hour. We are now in the CareTrust REIT meeting. My name is Farrell Granath, and I’m co-lead with Jeff Spector for healthcare REITs and the BofA REIT team. I’m joined today by David Sedgwick, who is the CEO and President of CareTrust. And I will pass it over to you, Dave, for opening remarks and if you want to introduce any of your team members who I see are sitting on sides.

David Sedgwick
CEO, President & Director

Great. Well, hello, everybody. Thanks for your interest. Bill Wagner, our CFO, is right over there; and Derek Bunker, SVP of Strategy and Finance is over there. And my name is Dave. Happy to be with you and CareTrust. So if you’re new to the story, I’ll just give you 45 seconds on us. We — the story really started back in 1999 when a little nursing home company got started in California called the Ensign Group. We started leasing properties from REITs and the engine got started and got moving faster and faster. And then next thing you know, we are starting to acquire real estate of our own and went public in 2007. By about ’13, ’14, we realized that all this real estate that we owned — we were not getting credit for it by the Street. And we saw a window of opportunity to spin off that real estate and form CareTrust REIT, which is what we did in June of 2014.

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