Sabra Health Care REIT, Inc. completed the acquisition of a 24 facility skilled nursing/transitional care portfolio.
January 30, 2018
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Sabra Health Care REIT, Inc. (NasdaqGS:SBRA) agreed to acquire a 24 facility skilled nursing/transitional care portfolio for $430 million on September 19, 2017. The deal is structured as a two-step sale/leaseback transaction. The first step included the acquisition of 21 facilities for a purchase price of $378 million. The second step consists of the remaining 3 facilities for a purchase price of $52 million. On September 19, 2017, Sabra Health Care REIT completed the acquisition of the 21 facilities. The closing of the remaining three facilities is subject to customary conditions and is expected to close by the end of 2017. Laca Wong-Hammond of Duff & Phelps, LLC acted as financial advisor to the seller.
Sabra Health Care REIT, Inc. (NasdaqGS:SBRA) completed the acquisition of a 24 facility skilled nursing/transitional care portfolio in January 2018. The completion follows closing of the acquisition of the remaining two facilities from the portfolio for $42.8 million.
Sabra Health Care REIT, Inc. operates as a self-administered, self-managed real estate investment trust (REIT) that, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company's primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector. Its investment portfolio is primarily comprised of skilled nursing/transitional care facilities, senior housing communities (Senior Housing - Leased), behavioral health facilities, and specialty hospitals and other facilities, in each case leased to third-party operators; senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing - Managed); investments in joint ventures; loans receivable, and preferred equity investments. Its real estate properties held for investment include approximately 37,834 beds/units, spread across the United States and Canada.
SABRA HEALTH CARE REIT, INC. 
