Sabra (SBRA) Closes Sale/Leaseback Transaction, Offers Outlook

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Go back to Sabra (SBRA) Closes Sale/Leaseback Transaction, Offers Outlook

Sabra Quickly Moves Through Sabra 2.0 With the CCP Acquisition to Sabra 3.0; Follows Up Announcement of $371 Million Investment in Enlivant Joint Ventures With (1) $430 Million Sale/Leaseback Transact

September 25, 2017 4:24 PM EDT

IRVINE, Calif., Sept. 25, 2017 (GLOBE NEWSWIRE) -- Sabra Health Care REIT, Inc. ("Sabra," the "Company" or "we") (NASDAQ: SBRA) (NASDAQ: SBRAP) announced today that it closed a sale/leaseback transaction with a premier west coast operator for 21 of 24 total skilled nursing/transitional care facilities for a purchase price of $378 million and expects to close the remaining three by year end 2017 for an additional $52 million. Sabra also announced today that it has begun the process of marketing for sale its remaining 43 facilities leased to Genesis Healthcare, Inc. (Genesis), with sales... More