CareTrust REIT, Inc. (CareTrust) is a real estate investment trust. The Company is primarily engaged in the ownership, acquisition and leasing of real estate serving the healthcare industry. It focuses to own and operate independent living facilities. As of March 31, 2014, CareTrust�s initial portfolio consisted of 97 skilled nursing, assisted living and independent living facilities. As of March 31, 2014, the 94 facilities leased to The Ensign Group, Inc (Ensign) had a total of 10,121 operational beds and units and are located in Arizona, California, Colorado, Idaho, Iowa, Utah and Washington, and the three independent living facilities operated by CareTrust had a total of 264 units and are located in Texas and Utah. It focuses to acquire additional properties leased to a diverse group of local, regional and national healthcare providers, which may include Ensign, as well as senior housing operators and related businesses. On June 3, 2014, it completed its spin-off from Ensign.