Transactions - JUNE 25, 2015

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Sabra to buy $234m skilled nursing/transitional care portfolio

by Andrea Waitrovich

Sabra Health Care REIT has agreed to purchase a portfolio of four transitional-care facilities located in Maryland for a purchase price of $234 million. The seller was G&L Realty.

The REIT will acquire four skilled-nursing facilities that specialize in transitional care and medically complex post-surgical, ventilator and dialysis patients with a total of 678 licensed beds located in suburban towns in Maryland.

The assets were sold for values between $21.7 million and $95 million. The largest and highest-priced asset is the 260-unit St. Thomas Moore Nursing and Rehabilitation Center in Hyattsville, Md.  

The deal for the four skilled nursing homes will raise Sabra’s total investments so far this year to $406.5 million.

The acquisition follows Sabra’s purchase of a nine-property senior housing portfolio in Canada for $137 million. The portfolio consists of eight independent-living facilities and one assisted-living facility

Forgot your username or password?