Diversified Healthcare Trust is a self-administered real estate investment trust (REIT) focused on owning and operating healthcare-related properties across the United States. The company’s portfolio includes senior housing communities, skilled nursing facilities, life science and medical office buildings, and other healthcare real estate assets. Properties are typically leased to leading operators under long-term, triple-net or rental agreements, providing predictable cash flows and aligning landlord and operator interests in delivering quality care.
The company was formed through the merger of two specialized healthcare REITs—Sabra Health Care REIT and CareTrust REIT—in October 2023, creating one of the largest pure-play healthcare REIT platforms in the U.S. Since its inception, Diversified Healthcare Trust has pursued a disciplined acquisition strategy, growing its portfolio to encompass approximately 900 properties in 39 states, the District of Columbia and Puerto Rico. The trust emphasizes geographic diversification and tenant credit quality to mitigate market and operational risks.
Headquartered in Bethesda, Maryland, Diversified Healthcare Trust is led by President and Chief Executive Officer Gregory J. Long, whose experience spans real estate investment, finance and healthcare. The company’s senior management team combines deep industry expertise in property management, regulatory compliance and capital markets, enabling a proactive approach to portfolio optimization. As a healthcare-focused REIT, Diversified Healthcare Trust seeks to capitalize on the growing demand for senior living and medical facilities driven by demographic trends and advances in life sciences.
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