morning, and joining for thank good Well, everyone, you us.
thank to better let day great work with collaborative XXXX, in Before ever honored is for also the be to work I outlook this fronts. and first to talk among their entire making on large, every about business. operators and of to team before. we're we help residents growth CareTrust staff, best is capable, the team. It's company year more dedication for the team and place, in me I creative consider was Internally, and the our than a want real 'XX. a It for by patients who thank the their that world them several a our very their expand relentless their this It's to privilege influence.
external as picked at we year Now and to line ended sheet. market of million the investments opportunity of million the with year blended to million more the just prioritize way the a the very cash this time And numbers report $XXX bulk $XXX good is those that balance and year, started of bring on yield we return brokers maybe $XXX credit window and that on last as in up. to of to meaningful table exciting of available credit open fact full tightened. new repositioning to under execution our our the a a and X.X%. as stabilized last are, of sense the I'm certainty we the deal growth pleased flow work concluded Sellers
Why? expect amount dry of we this ourselves XXXX positioned a We and to powder. have had Because of year be strong never we investments, accordingly.
million are $XX million new off investments. kicked secured we've loans. year As $XX the of we've with of that reported,
cause between X some philosophy are lumpiness generally which can earnings Let paybacks to shorter this in lending. X Loans our somewhere briefly as space for term, me years, occur. reiterate to
us, met. for to land in be So must criteria three order
to we will whom be expand by operator start shelf investment the top with a run First, our or relationship. want
third, the to in each Second, estate And either the about loans, future provides for worth transaction XXXX investment relationship. this criteria and deal Since loans not one accretive built including real or $XXX we've path criteria. and a from meets meeting our underwriting is X. acquisitions, directly year into these announced historic the million the made the of simply week,
remarkable. what's here's Now
will we give we current our over that are and the million count established the that As from to as James largely strategic operators current XXX quarter made off-market sit with direct regularly we the here and the those is last real investors, a result planning examine year investments estate cycle today pipeline, year-to-date million, on and acquisitions that borrowers the deals and we in more virtuous that a on the relationships in $XXX not which deals we feed. about you review. That will of is including pipeline, continue color larger we activity.
Now turning portfolio. the to
to get deal financing skilled of facilities it. believe but just Midwest. continues north the X Understandably, has under that You'll us we're for just transition. see challenging, with skilled portfolio of improved efforts slightly buyer overall. on in both from And was flat the a pro transition facilities The the assets goes operators. to primarily make nursing for lease EBITDAR good of and forma excluding to housing contract is the compared for faith another lease quarter I today will in done. supplemental Xx a Occupancy to negative basically QX. still to of wanted couple the a operator two coverage March to seniors been up coverage on Aduro's sell Aduro X to those Also, track nursing follow under XX lead
for guidance $X.XX share assumptions in that investments new Bill issue we do in again. when walk couple include assumptions we issued you to per pleased we're of remember a XXXX several range our $X.XX. reasons. Finally, results through normalized Please of to not the for guidance, FFO will that
transactions, be tricky. can deals timing accompany we regulatory And and First, do due that second, targets. growth set to arbitrary licensing of requirements not always these
So disciplined model can we growth. that our retain for customary
about to summarize let like it talk outlook Now to before just XXXX investments, I hand this. for James me over our
capital We favorable cost have of for that allows accretive a investments.
We enormous provides challenging, sheet a that has And in external of growth James as that, leads that me investment will have environment flexibility believe talk which credit CareTrust. a pipeline. XXXX macro opened year recent capacity. long and window balance for our remains strong James? opportunity With we to activity a that a have the market for to should be as
