Transactions - JUNE 25, 2015

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

Sign in Start Your Free Trial Now View Purchase Options

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

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy